Overview
- After eight days on the revenue chapter, deputies face thousands of unresolved amendments, the Nov. 4 vote is off, and debate pauses for the Social Security budget before resuming around Nov. 12.
- Budget rapporteur Philippe Juvin says it is highly probable the Assembly will not complete the examination on time and likely will not vote the spending part, pointing toward Senate review, a possible joint committee and, failing that, a special law.
- The government convened group negotiators on Monday to shape a budget landing zone; RN, UDR, LR, Horizons, MoDem and Renaissance planned to attend, LFI declined, the PCF said it would come, and others weighed their participation.
- Economy minister Roland Lescure warned against “fiscal witchcraft,” while public accounts minister Amélie de Montchalin said the deficit target still sits at 4.7% of GDP and flagged several newly voted taxes as inapplicable or contrary to EU rules.
- Key votes so far include extending the high‑income contribution, transforming the real‑estate wealth tax into a levy on “unproductive” wealth, hiking the buybacks tax to 33% and doubling the GAFAM tax, while the Zucman tax was rejected and a 25% minimum on multinationals is contested by Bercy.