The former president wants to create a “fiscal shock against” 25 MdsE if elected in 2017, he said in an interview published by ‘The echoes’. The income tax of 10% drop, the ISF would be removed and lowered expenses
(Boursier.com.) – If elected president in 2017, Nicolas Sarkozy plans to adopt soon the summer following a decline of at least 25 billion euros in taxes and social charges, to create a “fiscal shock against” beneficial for growth. Moreover, he promises to abolish the solidarity tax on wealth (ISF). The chairman of the Republicans and former Head of State unveils his economic program, in an interview with daily ‘Les Echos’
“Brown in France money we need”
“given the seriousness of the stall of France, against a fiscal shock is essential. It is necessary to restart the economic machine quickly. a tax cut program and social charges at 25 billion euros will be voted on as early as summer 2017, “said Nicolas Sarkozy to ‘Echoes’. He had already defended this idea of ”fiscal shock against” early December on the radio Europe 1 ‘, but that was before the publication of his book “La France for Life”, considered the kickoff of its campaign for primary among Republicans.
for starters, it offers a 10% drop in income tax, which passed in the summer of 2017, “benefit all taxpayers for their tax paid in 2018, 7 billion went to the French. ” To this will be added, to promote the activity, investment and job creation, “lower taxes on labor and the abolition of wealth tax. It is essential to return to France Money we need to develop our economy. Again, these measures would be enacted by the summer, “said the former president.
13 MdsE additional expense reductions
Regarding the charges, he proposes to transform the $ 17 billion tax credit competitiveness and employment (CICE) in real decline in employer contributions, as at present, this device “is a gas plant, the heads of companies say it loud and clear. ” Mr Sarkozy wants to go further, reducing labor costs by 13 additional MdsE, to include zero charges on the minimum wage, and “facilitating release of 35 hours, avoiding penalizing companies that would increase the time work”. Third, reduce the burdens on employment at home, “which is a very important source of jobs”, a reduction that would reach 1 MoE.
He promises also to companies account deletion hardship that allows to retire earlier in some strenuous jobs. This provision is “a gas plant and a time bomb in terms of cost for companies, especially in the industry,” said Nicolas Sarkozy.
100 MdsE spending cuts provided on the five-year
Nicolas Sarkozy is also committed to reform the taxation of capital, saying that “the alignment of taxation of capital over that of labor decided by François Hollande in 2012 was a major economic error that must be corrected. “
in order to finance tax cuts and charges, the boss of Republicans promises” an effort of 100 billion spending reduction euros over the five year term. for this, will vote simultaneously measures on state spending, local authorities and social systems, including pension and health insurance. “Mr.
Sarkozy intends to restore especially not replacing the rule of a state official two retiring and wants to impose the same rule to local governments by a reform of the Constitution. It also plans to create five-year contracts in the public service, and “immediately restore the waiting day in the public service” in the case of illness.
In terms of social security, Nicolas Sarkozy aims the balance of the insurance industry in 2018. this will require a reduction in the average reimbursement rate of 76% to 73% today, before supported by supplementary schemes, which “represents 5 billion savings “. It also intends to abolish the state medical aid (AME intended to irregular and precarious situation), “who derive cost shocks since 2012 and our countrymen.”
To carry the retirement age to 64 in 2025?
Regarding working time, in the public service, would happen 35H to 37H, “paid 37 of course, mandatorily, and 37 to 39 hours for officials who wish “. In private, the former head of state confirms that favorable that businesses can negotiate the release of 35 hours through company agreements.
It also rules for degression of unemployment benefits, “as it exists in many European countries” and calls for a new pension reform. “As of summer 2017, there will be a retirement bill to push back the legal age to 63 in 2020 and 64 in 2025. This represents nearly 20 billion euros in savings once the rise in reform load “.
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