Process
Status Items Highlights Done See section below Claims None Questions None Output None
Highlights
id916625670
The core of Bayrou’s plan is a significant reduction of public expenditure, totaling some €28 billion of the €43.8 billion in total savings. Local authorities are called on to make €5.3 billion worth of budget cuts.
id916625656
Bayrou’s budget outlines provide for a €3.5 billion increase for the defense ministry, with an additional €3 billion increase expected in 2027. When Macron entered office in 2017, the defense budget totaled €32 billion. Today, it exceeds €50 billion and is slated to rise to €64 billion by 2030.
id916625611
cancellation of two national holidays—Easter Monday and the May 8 Victory-in-Europe holiday. Blasted by the Left and far right alike, Bayrou is selling the move as an attempt to “reconcile the French with work.” In that, it feeds on the spurious narrative that the average French person works considerably less than their European peers. An employed French worker will in fact work a hundred hours more in a given year than their German counterpart, according to the Organisation for Economic Co-operation and Development (OECD). With eleven bank holidays, France is already below the European Union average.
id916624743
the Senate shot down a commonsense proposal to tax the country’s largest fortunes. The so-called “Zucman tax,” named for French economist Gabriel Zucman, would have established a 2 percent levy on fortunes valued at over €100 million. The measure had been approved in the National Assembly this winter: thanks to the abstention of the far-right Rassemblement National and its allies, the left-wing Nouveau Front Populaire (NFP) was able to outnumber Bayrou’s governing coalition. Drawing on a mere eighteen hundred households, the Zucman tax was estimated to bring in some €20 billion in annual revenue. The Senate has blocked that from happening.
✏️ National assembly approved and senate blocked.. Who are the people behind each decision? Just more proof on the lack of actual democracy in these processes? 🔗 View Highlight