Presidential: Macron’s budget program under the microscope

On knows a little more about the budgetary framework of Emmanuel Macron’s program. The presidential candidate, who presented his program for a second term on Thursday, expects 50 billion euros in new spending and tax cuts per year after five years, in 2027.

Of these 50 billion euros, 15 must be used to lower taxes only. This is to finance the abolition of the CVAE (contribution on the added value of companies), to increase their competitiveness (7 billion). The other half must feed the purchasing power of households, in particular via the abolition of the TV license fee (138 euros per household). According to available figures, this costs 3.2 billion per year. There is also the tripling of the ceiling of the Macron bonus, tax-exempt from 1,000 to 3,000 euros…