Overview

• The finance committee began scrutinizing the revenue section on Monday with roughly 1,500–1,800 amendments and a 70‑day deadline that points to a Nov. 4 vote on the first part and a Dec. 23 cutoff for the overall text.
• Lawmakers quickly adopted cross‑party changes, including extending the minimum tax on very high incomes until the deficit falls below 3% of GDP, easing the income‑tax freeze by indexing only the first bracket, and measures on child support deductibility and a cap on a journalists’ abatement.
• The government is aiming for a 2026 deficit near 4.7% of GDP via about €30 billion in combined revenues and savings, with stated flexibility to keep the shortfall under 5%.
• The Socialists withheld censure after a pledge to table in November a pension‑reform suspension via the Social Security budget, though Senate leaders signal firm opposition and the process carries the risk of resorting to ordonnances if deadlines are missed.
• Fault lines span left‑proposed wealth taxes such as the Zucman plan, contested savings like a benefits freeze and higher medical co‑pays, and changes to student housing aid for some non‑EU students, as the executive presses for compromises under heightened market scrutiny.