Tax cut: 5 billion euros less for the middle classes

Tax cut: 5 billion euros less for the middle classes

In his press conference held Thursday April 25 at the Elysee Palace, Emmanuel Macron announced a significant drop in income tax from next year. It should affect 15 million households.

Tax cut: 5 billion euros less for the middle classes

A reduction of 5 billion euros on income tax. Thursday April 25, in a press conference, Emmanuel Macron announced that he wanted to relieve 15 million households by making the entry into the tax more progressive. “The government could create a new tax bracket for low incomes at 10%, or reduce the amount of tax on the lowest brackets. A measure supposed to benefit the middle classes ”, decrypts the journalist Viktor Frédéric on the set.

Tax loopholes for targeted companies

To finance this measure, Emmanuel Macron wants to tackle the 474 tax loopholes. Each year, they cost the state nearly 98.2 billion euros. Research tax credit, HLM tax exemption, the president targets companies because he considers that they “Have benefited from favorable measures since the start of the five-year term, for example with reductions in charges”, concludes Viktor Frédéric.