As the government prepares to present its 2027 finance bill, the Socialist group in the National Assembly unveiled its own budgetary proposals during a press conference on Wednesday, September 16. The group has made it clear that it plans to strongly oppose the government in parliamentary debates, aiming to "restore fiscal justice" without making compromises with the executive branch.
"We will not shake hands with anyone, and certainly not with the government," said Sandrine Runel, a prominent member of the Socialist group, during the announcement of their budgetary priorities. She emphasized that the group will adopt a firm stance in the autumn parliamentary sessions, rejecting potential agreements or a non-censure pact with the government as the debates on the last budget before the presidential election approach.
The socialist budget focuses on generating new revenues to address key needs of the French population, including improving the purchasing power of the working and middle classes, combating climate change, and enhancing access to healthcare. To fund these priorities, the group led by Boris Vallaud is targeting 39.5 billion euros in new revenues. This includes 15 billion euros from the Zucman tax, 10 billion euros from a CSG (social security contribution) on large inheritances, and 10 billion euros from a tax on digital giants. Additional revenues would come from reconfiguring tax exemptions, adding another 4 billion euros.
Estelle Mercier, a member of the Socialist group, explained that the proposals aim to better distribute funding of the social model "between the rentiers and the workers," emphasizing that only the top 10% of heirs would be affected by the new taxation. The proposed additional revenues would also fund a progressive CSG to increase the purchasing power of the most modest earners. For example, a single person earning the minimum wage would see a monthly net increase of 130 euros, while a couple with children earning 2,000 euros net each would see a monthly net increase of 235 euros.
The socialists also proposed creating a free public mutual insurance for all young people aged 18 to 25, a 3 billion euro support plan for hospitals and public Ehpad (residential care facilities), and 10 billion euros for climate change initiatives. While focusing on these priorities, the group also aims to restore public accounts by reducing deficits over several years. This includes a savings plan worth 12.1 billion euros, aimed at cutting waste and fraud without reducing essential public services.
Regarding the government's budgetary plans, the Socialist group has shown clear opposition and is prepared to hold firm during the autumn parliamentary debates. While they had previously negotiated a non-censure pact with the government a year ago, their representatives now indicate they will defend their proposals without much room for compromise. The group also opposes any form of pension deindexation, arguing that "the money is elsewhere" and that targeting retirees, even those with higher incomes, would not generate significant revenue.
Socialist Group in French National Assembly Announces 2027 Budgetary Measures
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