The candidate of France Insoumise quantified his program for the presidential election, Saturday in a program of his campaign.
Additional spending of 250 billion euros, new revenue of 267 billion: Jean-Luc Mélenchon quantified his program for the presidential election on Saturday in a program of his campaign. “Never has it been done at this level of precision,” said the candidate in the introduction, who “challenged to challenge the numbers”.
In total, the candidate proposes to invest an additional 250 billion euros per year, which a graph has juxtaposed with the 1,400 billion in state budget expenditure in 2019. Among these expenses, the investment of 50 billion euros per year in the “ecological bifurcation” and public services, 75 billion in the creation of a million public jobs and the upgrading of civil servants, and 125 billion in aid, subsidies and redistribution of wealth.
A “virtuous circle”
Jean-Luc Mélenchon said that these expenses would fuel a “virtuous circle” thanks to the “multiplier coefficient” that part of economic science attributes to the State: “one euro from the State produces 1.18 euros”, according to him. Thus, the investments would feed consumption, filling the “order books” of companies, resulting in the creation of 1.5 million private jobs, he argued.
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Progress that would increase State revenue by 267 billion euros (in 2019, State revenue totaled 1,300 billion), in particular thanks to an increase in contributions collected by 35 billion and income tax revenue. income and VAT of 27 billion.
160,000 teachers recruited and 14 income tax brackets
Several members of the campaign team then came to detail various expenditure and revenue items. For example, the recruitment of 160,000 teachers and the construction of 300 vocational, maritime and agricultural high schools would cost 8.85 billion.
The creation of 14 income tax brackets, rather than the current five, would cost 10 billion euros by lowering taxes for 92% of taxpayers, and would yield 5 billion by increasing them for the rest of taxpayers.
The abolition of the family quotient would bring in 11 billion, the restoration of the ISF nearly 12 billion, also calculated the Insoumis experts. “Roosevelt did it, Mélenchon can do it,” chanted deputy Éric Coquerel.
In conclusion, Jean-Luc Mélenchon was pleased that “since the covid crisis (…) the economic discussion is much more relaxed”. But the Insoumis still assured that their program would reduce the public deficit by 2.6 points over the five-year term.
In response to questions from economic journalists about certain expenses, Jean-Luc Mélenchon warned that he would “not govern with econometrics, but with sociologists and people who care about society”.
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