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French lawmakers rejected a proposed 100-million-euro wealth tax, risking political instability.
French lawmakers rejected a proposed wealth tax on Friday, defeating a left-wing push for a levy on assets over 100 million euros.
The measure, inspired by economist Gabriel Zucman, failed 228 to 172 in the National Assembly, with a scaled-down version also rejected.
Left-wing parties warned they would not back the government’s budget without tax reform, threatening political instability.
Prime Minister Sébastien Lecornu called the tax unrealistic, as parliament remains divided after fractured snap elections.
The government now faces pressure to reach a compromise before year-end.
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Los legisladores franceses rechazaron una propuesta de impuesto a la riqueza de 100 millones de euros, arriesgando así la inestabilidad política.