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

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

By BL with AFP

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

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 with Figaro, the tenant of Bercy mentions a reduction 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, while 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 lies ahead 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 economic situation 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 at the start of the week for solidarity due to financial difficulties, Bruno Le Maire announced that the government would maintain in 2024 a 75% tax deduction for donations to banks food of up to 1,000 euros.

READ ALSORestos du Cœur: 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 lasting manner, the Prime Minister and I are open to this subject,” he added.

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