Overview
- Deputies in the finance committee rejected the proposed ‘Zucman’ levy on fortunes over €100 million, which will return for a fresh debate in the hemicycle from Friday before a 4 November vote.
- An LR amendment rewrote and effectively removed the government’s planned tax on financial holdings, a result several members including Eric Coquerel described as an unintended deletion that they expect to revisit in session.
- Commission votes extended the minimum tax on high incomes until the deficit drops below 3% of GDP, reindexed only the first income-tax bracket to inflation, and approved tax relief on child maintenance payments.
- The draft social‑security budget now moves to committee with a proposed 2026 pensions freeze and a government plan to table in November an amendment suspending the pensions reform, alongside contested health‑spending cuts.
- The government targets roughly €30 billion in adjustment to steer the deficit from an estimated 5.4% in 2025 toward 4.7% in 2026, and the tight constitutional calendar raises the possibility of ordinances if deadlines slip.