François Bayrou: The Case for Targeted Tax Increases to Reduce Public Deficit in France”.

François Bayrou urges government to consider targeted tax hike

On Monday, François Bayrou made a call for targeted tax increases, an idea that has been proposed by the MoDem party for several years. However, Finance Minister Bruno Le Maire has refused this proposal. Bayrou emphasized the importance of free and open discussions between government officials and parliamentarians to explore this issue in depth.

When asked about remarks made by President of the National Assembly Yaël Braun-Pivet regarding the possibility of taxing companies with “super profits” or “super dividends,” Bayrou pointed out that his party had suggested similar measures in previous budgetary years. He highlighted the need for any rebalancing measures to target those with the most means, including those who have been most affected by the crisis.

Bayrou also expressed his opposition to a new reform of unemployment insurance that aims to reduce the duration of compensation. He argued that unemployed individuals should not be blamed for unemployment but instead focused on addressing the root causes of unemployment through reforms.

Overall, Bayrou’s statements underscored the importance of fair and targeted measures to address economic challenges facing France while considering their impact on individuals and businesses. He encouraged open dialogue and collaboration between government officials and legislators to find effective solutions to these complex issues.

As a result, it is expected that there will be further discussions about increasing taxes in order to reduce public deficit in 2023 which is significantly higher than initially forecasted.

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