The minister of the public Accounts promises to decrease by an average of 300 euros per household per year. The amount has yet to be debated in Parliament.

A tax cut of an average amount of 300 euros per household per year. This is the promise made by the minister of the public Accounts Gerald Darmanin in Paris on Wednesday, nearly 95% of the taxpayers subject to tax on the income.

“almost all people who pay income tax – they are workers, employees, managers – will be affected by the decline of the five billion euros of income tax on the income promised by Emmanuel Macron, says Gérald Darmanin in this interview. He also stated that there will be increase “to person”.

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The amount of the tax cut must be discussed within the framework of the project of finance law for the year 2020. “It is simply an order of magnitude because we will make sure that the tax cut is more important for the middle classes than for people who have higher incomes,” says the tenant of Bercy.

savings in parallel

According to Gérald Darmanin, the tax cut of five billion euros promised, which comes in addition to a series of measures in favour of purchasing power under the pressure of the yellow vests, will be offset by savings equivalent.

“We hold our course of serious budget and we’re still going to be around 2% of deficit next year, as planned”, promises the minister, by confirming that the tax loopholes for businesses will be reduced to partially fund the tax cut. In parallel, “reforms such as those of the public Service, unemployment insurance, public broadcasting, or incentives to work longer, we will not widen the deficit,” he says.

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Taxes

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The Economy minister Bruno Le Maire had said last week wanting to benefit almost 15 million tax households the decline in income tax, with a gain of 180 to 350 euros per year according to the households concerned. The tax on the income, which reports that each year nearly 75 billion euros to the State, is currently paid for by $ 16.8 million tax households out of a total of 38.3 million, or less than 45% of the taxpayers.