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France Leftists’ Plans Include 90% Top Marginal Income Tax Rate

  • France's New Popular Front, the largest parliamentary group, aims to implement minimum wage increases and petrol price controls in their new plans.
  • The New Popular Front's victory in the snap election leads to the proposal of a 90% tax on the wealthy.
  • The coalition's agenda outlines a 90% tax rate on income over €400,000 and a reduction in the retirement age to 60.
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El Nuevo Frente Popular de Francia, el sorprendente ganador de las elecciones legislativas del domingo, va a recurrir a una vieja fórmula de la izquierda para recaudar dinero: el "impuestazo" a los ricos. La coalición ya ha dejado claro que quiere aprobar una tasa del 90% para las rentas más altas, en línea con algunos de sus predesores, como es el caso de Francois Hollande, ex presidente de la República entre 2012 y 2017, aunque con poco éxito.…

·Spain
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Bloomberg broke the news in United States on Sunday, June 23, 2024.
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