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Climate tax: Will Macron resist the left?

2023-05-25T17:31:13.803Z

Highlights: The president of France, Emmanuel Macron, wants to increase taxes on the rich. He wants to raise money for the fight against climate change. He also wants to make it easier for the poor to pay their fair share of the cost of living. But critics say he is overreacting to a crisis that has been brewing for years. They say it's time for the rich to pay more for their public services. The president says he wants to help the poor by making it easier to pay for their health care and education.


DECRYPTION - The president, regularly summoned by the left to increase taxes, does not want to laugh at the course he set in 2017 and has rejected those who would finance the transition through taxation.


The assaults are incessant, will the dike hold? Since the abolition of the ISF in 2017, Emmanuel Macron is regularly summoned by the left to increase taxes. Here to respond to the crisis of the "yellow vests", there to finance the "whatever it costs" of Covid, elsewhere to respond to the deterioration of public finances, the rise in interest rates, debt, the return of war in Europe, the financing of health, education ... And now the ecological transition.

This is the idea put forward by Jean Pisani-Ferry, a close friend of the president and author of a report submitted Tuesday to the prime minister on the financing of the fight against global warming. In addition to the use of debt, the economist proposes the establishment of a kind of green wealth tax to finance the fight against greenhouse gas emissions.

The President's position has been expressed, multi-expressed, it is very, very, very clear. It's not like there's a debate

An advisor to Emmanuel Macron

An exceptional tax on the financial wealth of the richest 10% of taxpayers. That is 5 billion euros in tax revenue per year...

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Source: lefigaro

All news articles on 2023-05-25

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