François Bayrou urges government to consider targeted tax hike

On Monday, François Bayrou issued a call for talks between the government and parliamentarians regarding a possible increase in taxes. This proposal has been made by the MoDem party for several years. However, Finance Minister Bruno Le Maire has categorically rejected this demand. Bayrou believes that it would be beneficial for both parties to have an open discussion on the topic, especially given recent forecasts of potentially higher public deficits in 2023.

When asked about the possibility of taxing companies with “super profits” or “super dividends,” Bayrou highlighted that the MoDem had already proposed similar measures in past budgetary years. He emphasized the need for rebalancing measures that target those with the most means, particularly those who have been negatively affected by the crisis. At the same time, he stressed the importance of maintaining France’s appeal to investors.

Bayrou also expressed opposition to a proposed reform of unemployment insurance that aims to reduce compensation duration. He argued that blaming unemployed individuals for unemployment is misguided, especially considering many people may have lost skills over time. Bayrou suggested an alternative approach to reforming unemployment insurance is necessary.

In summary, Bayrou’s call for discussions on tax hikes targeted towards those with more resources and his opposition to proposed unemployment insurance reform reflect MoDem’s ongoing efforts to tackle economic challenges in France.

By Aiden Johnson

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