Overview
- After eight days on the revenue section, deputies dropped the planned November 4 vote, with the government now targeting November 18 for a first‑part vote that still lacks a clear majority.
- Rapporteur Philippe Juvin deems it highly probable the Assembly will not reach the spending section, meaning the Senate will examine the government’s initial text before a joint committee attempts a compromise.
- If a joint text is later rejected, ministers note the executive could resort to a special budget law, as used at the start of 2025.
- Key tax moves split the chamber: deputies rejected the so‑called Zucman tax but approved an ‘unproductive wealth’ levy against the government’s advice, alongside other business‑facing measures.
- Economy and public‑accounts ministers warn of ‘inoperable’ measures and a rise in mandatory levies to about 45.1% of GDP, while the prime minister pursues ‘small steps’ talks as the PS signals anger and business leaders voice competitiveness concerns.