French PM plans tax increase on wealthy individuals to reduce budget deficit.
French Prime Minister Michel Barnier announced plans to increase taxes on wealthy individuals to help reduce France's budget deficit, while avoiding tax hikes for middle-class and low-income citizens. This initiative is part of President Emmanuel Macron's strategy to balance political views and create a budget for 2025. Barnier emphasized the need for a collective effort to manage public finances amid a serious financial situation and a politically fragmented parliament.
September 22, 2024
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