Will Macron stand up to the left?

The head of state (here, May 11, at the Elysée) notably promises two billion tax cuts for the middle cles by the end of his second five-year term. POOL/via REUTERS

DECRYPTION – The president, regularly summoned by the left to increase taxes, does not want to deviate from the course he set for himself in 2017 and has opposed a plea of ​​inadmissibility with regard to those who would finance the tax transition.

The aults are incessant, will the dike hold? From the abolition of the ISF in 2017, Emmanuel Macron is regularly summoned by the left to increase taxes. Here to respond to the “yellow vests” crisis, there to finance the “whatever the cost” of the Covid, elsewhere to respond to the deterioration of public finances, the rise in interest rates, the debt, to the return of the war in Europe, to the financing of health, education… And now of the ecological transition.

This is the idea put forward by Jean Pisani-Ferry, a close friend of the president and author of a report submitted to the Prime Minister on Tuesday on the financing of the fight against global warming. In addition to the use of debt, the economist proposes the establishment of a sort of green ISF to finance the fight against greenhouse gas emissions.

The president’s position has been expressed, repeatedly expressed, it is very, very, very clear. It’s not like there’s a debate

An adviser to Emmanuel Macron

An exceptional tax on the financial ets of the 10% of the richest taxpayers. That’s 5 billion euros in tax revenue per year…

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