PARIS ¨C It¡¯s the million dollar question that may decide the fate of French Prime Minister Sebastien Lecornu: how to tax France¡¯s billionaires?
The Socialists want a 2% wealth tax on France¡¯s 0.01% in the 2026 budget as the price for their support, making Lecornu¡¯s political survival contingent on a measure that has massive public support but alienates his right-wing opponents.
Lecornu, a Macron loyalist who last week became France¡¯s fifth prime minister in less than two years, is racing to draft a budget, which is due to be sent to lawmakers by Oct. 7.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.