Global Analysis from the European Perspective. Preparing for the world of tomorrow

French PM unveils tax cuts, pension reforms as Macron eyes rebound

Philippe told lawmakers that the government would cut income tax for middle-class workers and would completely scrap a housing tax. Philippe said unemployment benefits for the highest earners would gradually decrease to encourage the jobless to get back to work more quickly. On the highly sensitive subject of pension reform, Philippe said the government would create incentives for the French to stay on the job longer than the current minimum legal retirement age of 62. Source: France 24

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