Overview

• Socialists and allies signal their support in a no‑confidence test hinges on a credible levy on ultra‑wealth, making the issue decisive for Prime Minister Sébastien Lecornu.
• Gérard Larcher reaffirms Senate opposition, calling the 2% floor an ‘illusion’ he says would fail Constitutional Council scrutiny and risk prompting fiscal exile.
• Industry minister Marc Ferracci says there is “no taboo” about a high‑wealth levy but warns that taxing professional holdings could force founders to sell shares, citing Mistral AI as an example.
• Some centrist and right deputies float a watered‑down contribution that spares the ‘outil professionnel,’ while PS figures caution they will not accept a token ‘microtax,’ and Greens argue excluding business assets would gut the plan.
• The proposal targets wealth above €100 million at a 2% minimum, potentially affecting about 1,800 households, with revenue estimates ranging from roughly €5 billion to up to €20 billion; the government has promoted alternative anti‑avoidance tools and a 20% minimum on top incomes.