Macron plans to offset the removal of the housing tax for the wealthy

If the president rejects any increase in taxes or a return to the ISF, he plans to offset the removal of the housing tax for the wealthy.

"At least 100 billion euros," will be devoted to "the revival of industrial, environmental, local, cultural and educational," promised on Tuesday, the president and Emmanuel Macron, who has lifted the veil on its ambitions to enable France to bounce back in the face of the crisis of the Covid-19. He announced this during his television interview on the occasion of the national holiday of 14 July.

This new injection of public money will take place as soon as "school" and does not include the cost of the partial unemployment measures of long-term, said the Elysée. It will be in addition to the 460 billion already engaged in measures for the sector and to support the economy since the beginning of the epidemic.

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On the other hand, the head of the State has ruled out any increase in taxes or a return to the TFR to compensate for the explosion in government spending. "There is a path of tax which has been decided upon, passed by a vote of the national representation, it is the one who will be held", he said, adding that"we [decided] not a crisis such as this by increasing taxes". "If we say we will raise taxes, the people do not consume, the doubt settles down and the country does not restart", does it justified. "It won't solve anything, it will discourage rather enrichment of the work".

"common sense"

However, it puts an option on the table : "shift, a little, for the more fortunate of us, the removal of the housing tax". "It may be in a period of crisis, something legitimate", he justified. This tax has already been removed for 80% of the population but still the highest wages in excess of 27 706 euros for a single person or 56 438 euros for a couple with two children.

"The spirit of justice, might be to say : those who pay now the tax to habitation, and for which it had not yet fallen, we can put more years to do it, because it is an exceptional moment, because it is quite legitimate, and that it is at the bottom of good sense", he adds. The housing tax should be abolished for the remaining 20% by 2023.

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property Tax

The postponement of the removal of the housing tax in four issues of The Senate voting for the removal of the housing tax, but in a longer period to Remove the property tax for 80% of households by 2020, 100% by 2023

According to the calculations of the Voice of The North, the revenue from the property tax generated by 20% of the households in the more affluent account for 10 billion euros in the budget dedicated to communities.