How to finance the tax cut announced by Emmanuel Macron?

How to finance the tax cut announced by Emmanuel Macron?

To respond to the tax exasperation, the Head of State announced at his press conference on Thursday, April 25, a tax cut of 5 billion euros for the middle classes.

How to finance the tax cut announced by Emmanuel Macron?

Emmanuel Macron’s flagship promise during his press conference, Thursday, April 25: an income tax cut of 5 billion euros for middle-class workers. But today, only 43.5% of households actually pay this tax, or 16 million households. One question remains: how to finance this significant drop?

Three tracks

The President of the Republic puts forward three avenues: the elimination of tax loopholes only for companies, the reduction of public spending by eliminating unnecessary organizations and the extension of working hours. Emmanuel Macron thus evokes an extension of the duration of the pension contribution, without touching the legal retirement age, set at 62 years. For the moment, there is no precision on the timetable for the implementation of this income tax cut.