Targeted Tax Increases and Unemployment Insurance Reforms: The Need for Open Dialogue on Economic Challenges in France

François Bayrou urges government to consider targeted tax hike

On Monday, François Bayrou called for targeted tax increases, urging the government and parliamentarians to discuss this issue freely. However, Finance Minister Bruno Le Maire refused this proposal. Bayrou emphasized the need for any rebalancing measures to target those with the most means, including those who have been most affected by the crisis.

In addition to discussing tax increases, 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, especially considering that many of them have lost work skills over time. Instead, he suggested that reforms should focus on addressing the root causes of unemployment.

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 MoDem party has been making similar proposals for several years. He emphasized the importance of fair and targeted measures to address economic challenges facing France while considering their impact on individuals and businesses.

Bayrou’s statements highlight the need for open dialogue and collaboration between government officials and legislators to find effective solutions to complex economic issues. With an announcement from INSEE expected about a public deficit in 2023 that is significantly higher than initially forecasted, it is crucial for these discussions to take place as soon as possible.

Overall, Bayrou’s comments underscored the importance of finding fair and targeted solutions to economic challenges in France while taking into account their impact on individuals and businesses alike.

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