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UPDATE 1-After Winning Pensions Concession, France's Socialists Eye Billionaire Tax in Budget

Summary by Devdiscourse
UPDATE 1-After winning pensions concession, France's Socialists eye billionaire tax in budget After winning a major concession from Prime Minister Sebastien Lecornu, France's Socialists on Wednesday set their sights on including a tax on billionaires in the 2026 budget as talks over its passage began in parliament.Lecornu promised on Tuesday to suspenda landmark pension reform until after the 2027 election, sacrificing one of President Emmanuel …

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Lean Right

The Socialist Party will table an amendment on the Zucman tax during the debates on the budget at the National Assembly. The RN has already announced that it will vote against it.

·Paris, France
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Center

The two motions of censure against Sébastien Lecornu's government will be discussed on Thursday 16 October at 9 a.m. The future of the Prime Minister and his team is compromised, even if its fall is still preventable, after Olivier Faure's call not to vote for censorship.

·France
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Lean Right

The Prime Minister, except for a reversal of the situation, got a little suspended by avoiding censorship of his government on Thursday with the suspension of the pension reform.

·Paris, France
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The Socialist Party in France will seek to introduce the so-called Zucman tax on wealth as part of plans to increase public revenue by taxing the richest in ... More

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France’s Socialist Party will seek to introduce a so-called Zucman tax on wealth as part of plans to increase public revenue by taxing the country’s richest, party leader Olivier Faure told BFM TV on Wednesday. Asked by BFM TV whether the Socialists would implement the Zucman tax, Faure replied: “Of course.” The tax, named after an idea proposed by French economist Gabriel Zucman, would impose a 2% tax on the richest 0.01% of people in France. S…

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Le Parisien broke the news in Paris, France on Wednesday, October 15, 2025.
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