Emmanuel Macron announced Thursday, December 5, during his televised speech, the use of a special law to “ apply in 2025 the (budgetary) choices of 2024 “. This will be filed “ before mid-December in Parliament “. In this speech which follows the resignation of his Prime Minister Michel Barnier, the French president wanted to make the budget vote a priority.
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There “ priority » of the new French Prime Minister « will be the budget », Said the French president in his speech to the French. A special law will be filed “ before mid-December in Parliament », affirmed the President of the Republic the day after the historic censorship of the government.
“ This temporary law will allow, as provided for by our Constitution, the continuity of public services and the life of the country. It will apply the choices of 2024 for 2025 “. The idea behind the choice of this legislative tool is to maintain the country’s tax revenues and ensure the functioning of the army, justice, social security, law enforcement, National Education and also “ to help our farmers in difficulty”, mentioned the President of the Republic, in the absence of a budget voted for 2025 by parliamentarians. “ Public services will operate, businesses will be able to work, our obligations will be met » wanted to reassure Emmanuel Macronanxious to guarantee the stability of the country.
Continue to collect taxes
This solution provided in article 45 of the organic law relating to finance laws provides for the possibility for the government to present before Parliament “ a special bill authorizing it to continue to collect existing taxes.” This must be submitted before December 19 and follows an accelerated procedure.
In the ranks of the National Assembly, and especially in the camps of those who rejected the draft budget for Social Security (PLFSS) and thereby the government of Michel Barnier, the vote for this special law should not pose a problem. problem. It is a law that we will obviously vote », Said Marine Le Pen (RN). Eric Coquerel, LFI president of the Finance Committee, believes for his part that it would allow “ to hold out for four to six weeks, while waiting for a new budget “.
According to an AFP government source, this text could include very few articles. And should allow Acoss, treasurer of Social Security, to continue to borrow on the markets, to allow Agence France Trésor to do so too, and also to enshrine in law the State’s contributions to the European Union and communities.
What income taxes?
A key argument from the government to avoid censorship, the special law only renewing taxes in their 2024 version, 380,000 new households would become taxable on paper, according to the OFCE, the French Observatory of Economic Conditions. And this is due to the freezing of the revaluation of the 2025 tax scale.
Could an amendment to the special law resolve this problem? Not sure according to the Budget Ministry which fears possible unconstitutionality. Another solution would be to provide for indexation in a new budgetary text in 2025. For Emmanuel Macron, who is already part of this new political battle, it is necessary “ protect the French from mechanical tax increases linked to inflation » and avoid that “ the French are paying the bill for this censorship “.
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