green light from senators in committee to the amending budget

The senators, mainly on the right, adopted Thursday in committee around twenty amendments to the draft amending budget for 2022, the second part of measures to support purchasing power which will arrive on Monday in the hemicycle of the Luxembourg Palace.

The first component, the emergency bill for purchasing power, has been under discussion since Thursday morning in this same chamber.

The revised draft budget opens up 44 billion euros in credits, including 9.7 to finance the 100% renationalization of EDF.

The senators adopted in committee 21 amendments by the general rapporteur on the budget Jean-Franois Husson, according to a press release from the Finance Committee.

In particular, they want to take the 7,500 euro increase in the overtime tax exemption ceiling, voted by the National Assembly for 2022.

Currently, overtime is tax-exempt up to a ceiling of 5,000 euros per year, with a maximum of 220 hours worked over a year, excluding branch, company or specific collective agreement.

They have replaced the exceptional return bonus of 100 euros, reserved for social minima, with an exceptional increase boost of 150 euros to beneficiaries of the activity bonus.

They have also provided an exceptional envelope of 40 million euros for food banks, which are subject to significant supply difficulties, particularly in view of inflation.

The rapporteur has not called into question the deletion discusses the audiovisual license fee. But the senators limited to December 31, 2024 the allocation of a fraction of VAT proceeds to ensure the financing of public broadcasting, this deadline leaving time for the implementation of a real reform of the sector.

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They have decided to further improve the system to support the most financially vulnerable municipalities.

Monday will remain to address the very delicate question of the possible introduction of a tax on the superprofits of large companies. Slightly rejected last weekend by the National Assembly, this exceptional contribution of solidarity will be brought to the Senate by the centrist group.

Centrist senators will propose to apply to companies whose net profit in 2021 would have been 20% higher than the average for the three years 2017, 2018 and 2019 a contribution of 20% calculated on the difference between the two amounts.

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