Overview
- The plan would cut production taxes by €50 billion annually and offset this with €50 billion less in business aids, totaling €250 billion over a five‑year term.
- Targets include production levies such as CFE, C3S, the built‑property tax and CVAE, though Philippe has not published a detailed list of changes.
- He presents the measure as a supply‑side shock intended to boost investment and industrial output in the face of U.S. and Chinese competition.
- Initial reactions feature praise from some business leaders, while analysts warn that ending targeted aids could leave certain sectors worse off.
- The announcement arrives during contentious 2026 budget debates in the Assemblée nationale and is read as a bid to steady his 2027 campaign after his call for Macron’s planned resignation.