Overview
- After eight days of wrangling, the Assembly halted work on the 2026 revenue package to switch to the Social Security bill, with more than 2,000 amendments still pending and the rapporteur warning it is highly probable the chamber will not finish on time.
- Key left‑wing groups refused to attend a government‑called meeting due to the RN’s presence, while RN, UDR, LR, Horizons, MoDem and Renaissance sent representatives.
- Deputies continued adopting disparate tax measures, including restoring the original ‘exit tax’, following earlier votes for an ‘improductive wealth’ levy and higher charges on large firms, though several items are flagged by the government as legally or technically inapplicable.
- Economy Minister Roland Lescure decried “fiscal witchcraft,” and Public Accounts Minister Amélie de Montchalin said the adopted amendments would lift compulsory levies toward 45.1% of GDP, while maintaining the deficit path at 4.7% under the government’s workable assumptions.
- With no clear majority, scenarios now include sending the text to the Senate and a possible joint committee, a special budget law if votes fail, or government ordinances should Parliament miss the December deadline.