“The tax cuts will benefit the middle classes”

“The tax cuts will benefit the middle classes”

Journalist Etienne Lefebvre and economist Christophe Ramaux discuss, Tuesday, September 17, tax cuts for households.

duel eco

“Emmanuel Macron makes good economic reasoning, a good balance in relation to the international context which is hardening. The tax cuts, 10 billion in 2019 and 9 billion in 2020, will benefit the purchasing power of the middle classes. There are social aims, but it is a good economic calculation ”, congratulates Étienne Lefebvre, editor-in-chief at Echoes.

“Inegalitarian policy”

It’s a pleasure to hear from liberals like Étienne Lefebvre that the important thing is the purchasing power of households. Keynesians like me keep repeating this. Household consumption is essential ”, believes Christophe Ramaux, member of the appalled Economists.

This puts the tax cuts into perspective: “In 2018-2019, we had socio-fiscal measures that benefited the richest. The richest 0.1% obtained an average of 23,000 euros per year in tax cuts. We have an unequal policy ”.

And to conclude: “In Europe, with the coming recession, we need a shock from rising wages ”.