French government faces threat of censure amid wealth tax row • FRANCE 24 English

France’s seemingly endless budget discussions might finally be bearing fruit. On Friday, the National Assembly backed the extension of a special tax on high incomes after Prime Minister Sebastian Loru called on MPs to embrace compromise. We can no longer govern only through the will of one camp, but through a culture of challenging debates between deputies who initially hold different convictions. This is a quiet revolution in parliament. Loru may well hope his quiet revolution takes hold as he leads an embattled government that’s faced several votes of no confidence. The opposition socialists are threatening another one if they don’t win concessions on the budget. What we want is action. He spoke about compromise. For the moment I don’t know what compromise he’s talking about. One of the socialists top demands is being debated this weekend. It’s called the Zuckman tax. a wealth tax that would target around 1,800 of France’s richest households and the socialists calculate would raise 15 billion euros, but MPs from the Conservative Republican party have no intention of compromising. Our position is very clear. We are against all tax increases and we are in favor of spending cuts and we will not bow to pressure from the Socialist Party on this issue. But the socialists targeting of wealth isn’t absolute. On Friday, a proposal by the hard left to crack down on tax havens failed to pass by a single vote after socialist deputies abstained.

France’s prime minister on Friday urged lawmakers to reach a compromise to pass an austerity budget, after leftists threatened to oust his government if it did not include a tax on the very wealthy. Sebastien Lecornu has promised to get a spending bill through a deeply divided parliament by the end of the year, after the legislature toppled his two predecessors over cost-cutting measures.
#France #Lecornu #wealth tax

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