As expected, the “revenue” part of the Budget was largely rejected by the National Assembly. The text submitted to the vote was very largely reworked by the left. This is quite simply the first time that this has happened under the Fifth Republic.
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Many French people are learning it this evening. This rejection of the first part of the budget prevents the examination of the second part, the expenditure section. The text goes to the Senate in its initial version, that proposed by Michel Barnier and its 60 billion savings to achieve a deficit of 5% of GDP next year.
A project largely modified, not to say totally disfigured, by the deputies, particularly from the left and from the National Rally. Lots of taxes on superprofits, superdividends, and the end of the French contribution to Europe was also voted on. There were, according to estimates, up to 75 billion euros in taxes.
“ This budget is the budget of the New Popular Front, it is the budget that the French people chose on July 7 », commented the LFI deputy Aurélien Le Coq, estimating that “ 75 billion ” THE “ new recipes proposed by the New Popular Front and the France rebellious, for a positive surplus of 58 billion euros. »
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Disappointment and anger among some, smiles among others
Figure contested by the general rapporteur of the Budget, the centrist Charles de Courson, who estimated that the amendments voted in recent weeks were successful “ apparently » to 65 billion additional revenues, but in reality to a “ deadweight loss of tax revenue of more than six billion euros. » « Number of amendments adopted, up to 50 billion, respect neither our constitutional rights nor European law, or are even inapplicable “, he pointed out.
Disappointment, even anger this evening in the ranks of the New Popular Front. Palpable annoyance among the Macronists, who are angry, in particular, with the Socialists for having followed the rebels too much.
Among the Republicans, also members of the ruling coalition, there are smiles this evening, because the text is now going to the Senate, where the right and the center are in the majority and should go in the direction of the head of government, Michel Barnier. The latter will in any case be obliged to return to the National Assembly, perhaps this time with a 49.3 on hand.
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