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4h ago

French Left Ties Support to Zucman Wealth Tax as Senate Chief Reasserts No

Gabriel Zucman’s plan has turned into a test of tax fairness for parties weighing support of the new cabinet.

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Lors du mouvement Bloquons tout à Paris, le 10 septembre 2025.
« Taxer la valeur latente décourage l’ancrage en France de ces projets pour un rendement public incertain. »
Le président LR du Sénat Gérard Larcher lors d'une session parlementaire le 23 janvier 2025 à Paris

Overview

  • Senate president Gérard Larcher restated his opposition, calling the levy an “illusion” and predicting it would fail before the Conseil constitutionnel.
  • Raphaël Glucksmann and Boris Vallaud linked any non‑censure deal to the adoption of a mechanism taxing ultrahigh fortunes, with Vallaud citing broad public backing.
  • The National Assembly approved a version in February, but the Senate rejected it in June, leaving the measure without a clear path.
  • The government formally ruled out a Zucman‑style minimum on 16 July, even as Prime Minister Sébastien Lecornu now seeks Socialist support to sustain his government.
  • The proposal applies a 2% floor above €100 million affecting roughly 1,800 households, with revenue estimates ranging from about €5 billion to as much as €20 billion.