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The third "Macron budget" arrives this Monday, October 14 before the French deputies, who will discuss until the truce of Christmas. The finance bill gives pride of place to tax cuts, but it attracts criticism from the right and the left.
More than 9 billion euros in tax cuts. This is the key figure of this budget that materializes the promises of President Macron, especially after the "great national debate" held following the crisis of "yellow vests" .
In detail, this is 5 billion declines via income tax , three more by the continuation of the abolition of the housing tax, the one that the French pay for housing. In addition, eighteen so-called " low-yield " taxes, such as the geothermal royalty or the solidarity contribution on wheat and barley, will disappear.
Companies are not forgotten, since the corporate tax will be reduced to 28% for SMEs and 31% for large companies. On the revenue side, saving measures are planned, including the virtual freeze of social benefits. The projected budget deficit is expected to be 2.2%.
" Budget for the rich "
The right sees in this project a " lack of ambition " and the left a " budget for the rich ". According to her, tax gifts do not benefit the most modest.
Throughout the week, MPs will examine this first part of the budget law. Already 3,000 amendments have been tabled. A thousand more than last year.
► See also: Budget 2020: too little increase in development aid, for NGOs