Nine days before the first round, the New Popular Front unveiled the costing and financing of its program on Friday June 21, if they obtain a majority in the Assembly. The left-wing alliance is betting on a revival of the economy by boosting public spending, supported by new revenues.
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They present it as a program breaking with the results of “ infernal trio Macron-Attal-Le Maire », as described by communist senator Ian Brossat. The economic program of the New Popular Front (NFP) detailed this Friday, nine days before legislative electionsdisplays a desire for Keynesian recovery to stimulate the economy, by increasing public spending with the effect of reassuring businesses.
The emphasis is placed on purchasing power of the French, public service and ecology. Key measures had already been unveiled, such as the increase in the minimum wage to 1,600 euros. In detail, the program provides for additional revenues of 150 billion euros for the same amount of additional expenditure (including 25 billion from 2024) by the end of 2027.
But Éric Coquerel, outgoing LFI deputy, explained this Friday that 92% of French people would not see their taxation change with this economic program. A response to the accusations of Gabriel Attal and the employers, who denounce “ a tax bludgeoning » coming with this program.
Creation of a “ Climate ISF »
To partly finance the measures, others are planned: “ We will immediately reintroduce a wealth tax (ISF) with a climate component of 15 billion euros and above all, this taxation of superprofits that we have requested from Parliament each year and which will also bring in 15 billion euros », explains Alexandre Ouizille, socialist senator. These 30 billion euros would be used to finance in particular the revaluation of personal housing allowances (APL) by 10%, an increase of 10% in the index point of civil servants and the repeal of pension and insurance reforms. unemployment. Because the left is considering a new “ great law », before 2027 on a return to retirement at 60 years old.
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According to left-wing economist Julia Cagé, who participated in the presentation of this program, revenue is matched against each expense. This would contribute to the credibility of the program, but also to create a balanced budget. The fact remains that the program is widely criticized by the outgoing majority who accuse the left of taking the country into bankruptcy. “ It’s a crusher of the middle class, it’s tax increases on the middle class », Reacted Gabriel Attal.
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