The Mayor paves the way for a tax cut for households from 2025

2023-09-05 20:41:00

Emmanuel Macron had promised a tax cut for the most modest French people by 2027. The Minister of the Economy hopes to apply it from the next budget.

By BL with AFP

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Bruno Le Maire wants to implement Emmanuel Macron’s promise of household tax cuts from 2025, “if possible”.
© FRANCOIS NASCIMBENI / AFP

Published on 09/05/2023 at 10:41 p.m.

Dtax cuts, “if possible”, from the 2025 budget. This Tuesday, September 5, the Minister of the Economy, Bruno Le Maire, explains that he wants to implement tax cuts for households from the year 2025 , ” if possible “. This tax relief was promised last May by Emmanuel Macron. In an interview at Figaro, the tenant of Bercy evokes a drop of at least two billion euros. “We will do it as soon as possible, if possible from the 2025 budget,” said the government’s No. 2, when Emmanuel Macron had promised these cuts by 2027.

After the abolition of the housing tax and a reduction in income tax, Emmanuel Macron had promised in May additional tax cuts for “the middle classes” with “income between 1,500 and 2,500 euros” .

A “fragile” economic environment

Bruno Le Maire also confirmed that the government would present the public finance programming law (LPFP) in an extraordinary session, which makes it possible to use 49.3, “because the LPFP represents a major challenge for the country”. This law should allow us to return to a level of public debt of 108% in 2027 against more than 112% today and to go back below 3% of public deficit, ”added the minister.

READ ALSOWhat awaits us with long-term interest rates

While welcoming France’s growth, Bruno Le Maire said he was “lucid about the fragility of our economic environment”, citing “the level of interest rates, which will remain high for a long time”, and “the situation economy of Germany, which is our first economic partner”.

Incentives for donations soon to be enshrined in law?

In the midst of food inflation, and while the Restos du Coeur called for solidarity at the start of the week due to financial difficulties, Bruno Le Maire announced that the government would maintain in 2024 a tax deduction of 75% for donations to banks. groceries up to 1,000 euros.

READ ALSORestos du Coeur: the State promises 15 million euros in additional aidThis ceiling was raised in 2023 from 500 to 1,000 euros. “If parliamentarians wish to enshrine it in the law in a permanent way, the Prime Minister and I are open to this subject”, he added.

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