François Bayrou urges government to consider targeted tax hike

François Bayrou Calls for Targeted Tax Increase to Address Public Deficit as INSEE Forecasts Higher Shortfall in 2023

In an effort to address the rising public deficit, MoDem party leader François Bayrou has called for a targeted increase in taxes. However, Finance Minister Bruno Le Maire has refused this proposal. Bayrou emphasized the need for government and parliamentarians to openly discuss this issue and explore it freely with the expected announcement from INSEE about a higher public deficit in 2023 than initially forecasted.

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 similar measures have been proposed by his own party in previous budgetary years. He emphasized the need for any rebalancing measures to target those with the most means, including those who have been most affected by the crisis.

Overall, Bayrou’s statements highlight the importance of fair and targeted measures to address economic challenges facing France, while also considering the impact on individuals and businesses. He encouraged open dialogue and collaboration between government officials and legislators to find effective solutions to these complex issues.

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