Socialist Party to Censor Zucman Without "Lightened" Tax: "It's Quite Inexorable," Threatens Jérôme Guedj

MPs are resuming discussions on the "revenue" portion of the budget and have until November 4 to reach an agreement. For now, the debates are progressing slowly, with pressure from Socialist Party leader Olivier Faure this weekend. According to him, by the end of the week, "we will know whether we are going to dissolve the parliament or not."

And one of the decisive issues is the so-called "Zucman" tax on large fortunes . This will be on the agenda of the deputies' debates this week. The socialists want to bring it up again even though there is currently no majority in the Assembly on this subject.

The Socialist Party is reportedly open to a fallback solution, a little less ambitious than the Zucman tax as it stands. If this option has a better chance of being passed in the Assembly, that would be a start, according to Socialist MP Romain Eskenazi, who is open to the idea.

"We are still defending Zucman, but we have an alternative that I hope will be accepted, to have a tax justice measure that would bring in 5 to 6 billion euros instead of 15 billion for the tax.

"We are ready to discuss and negotiate, but we absolutely must involve the country's wealthiest people in the effort to restore public finances," he continues.

Jérôme Guedj, guest on RMC this Monday morning, October 27, believes that if the PS obtains neither the Zucman tax nor its lightened version, the socialists will censure the government of Sébastien Lecornu:

"It's quite inexorable, since it has been the condition of our non-censorship: from the beginning we have asked to protect those from whom we ask unfair efforts while others are protected," he justifies in Apolline Matin.

Except that it's far from a done deal. Several left-wing MPs already consider this measure not ambitious enough. For her part, Renaissance MP Prisca Thévenot does not intend to give in on this tax on high net worth individuals.

"Whether it's a light Zucman tax, not light, or a little light... I'm sorry, but we have to stop taking people for fools: are we in favor of raising taxes in this country? No. Do we want those who do business in the country? No. But do we want a budget for the country? Yes," she proclaims.

The central bloc has shown firmness, but with a risk: the socialists are threatening to censure the government in the coming days if they do not get satisfaction.