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Lecornu Signals Work-Focused Tax Cuts, Faces Censure Threat Over 2026 Budget

Budget checkpoints arrive as he prepares a policy speech next week without a named cabinet.

Overview

  • After meeting his center-right allies, the prime minister told them he will propose targeted tax reductions "in favor of work" and urged openness to "justice fiscale" without harming growth or jobs.
  • He has ruled out a Zucman-style wealth levy, restoring the ISF, and suspending the pensions reform, positions that have angered the left and complicated talks with the Socialists.
  • The PS set a "last chance" meeting for Friday and warned it will back censure unless presented with a complete budget plan that meets its conditions.
  • LFI plans to file a censure motion as parliamentary work resumes, while the RN signals it could withhold censure if there are tax cuts for workers and real spending reductions.
  • Key deadlines loom with the budget sent to the HCFP around October 1 and deposit to Parliament by mid-October, as unions stage a third national mobilisation on October 2.