US EditionNew French PM Rules Out Wealth Tax, Casting Doubt on Support From the Left
- French Prime Minister Sebastien Lecornu ruled out a return to the wealth tax and opposed the proposed Zucman tax on billionaires, reflecting significant economic decisions for his government.
- Lecornu acknowledged his 'weak position' without a parliamentary majority, indicating challenges in implementing his agenda.
- Lecornu aims for a 4.7% deficit in 2026, aligning with France's European commitments and emphasizing the need for parliamentary consensus in budget formation.
- Critics, including Socialist MP Arthur Delaporte, have expressed skepticism, suggesting Lecornu's proposals lack significant change from previous policies.
28 Articles
28 Articles
VIDEO - Sébastien Lecornu set out on Friday his paths for the 2026 budget, excluding the return of the tax on wealth and the introduction of the Zucman tax, announcements that displeased the left parties.
Prime Minister Sébastien Lecornu pledged this Friday to present a "robust" draft budget for 2026, evoking savings on the state's way of life and excluding any austerity or "regression"...
In an interview with the daily "Le Parisien" on Friday, the new Prime Minister ruled out the Zucman tax, but also any return of the tax on capital (ISF) or the suspension of the pension reform.
In an interview with the "Parisian", the Prime Minister does not open any doors in the field of tax justice. To keep a margin of negotiation during the budgetary debate in Parliament?
The Zucman tax will not be included in the draft budget submitted by the government to Parliament, Sébastien Lecornu announced this Friday, in an interview with the "Parisien". The Prime Minister refuses to "tax the professional heritage", but promises that "some taxes will increase" in order to respond "to the demand for tax justice". - Budget 2026: Sébastien Lecornu removes the Zucman tax, but promises "more tax justice" (Policy).
The new Prime Minister wants to reduce the deficit by 0.7 point of GDP in 2026, barely less than in the Bayrou plan. He rejects the tax on the ultrarich demanded by the left, but remains unclear about the measures he will present.
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