The Indian Wire » World » French Macron vows ‘significant’ reduction in income tax, reform measures amid ‘yellow vest’ protests

French Macron vows ‘significant’ reduction in income tax, reform measures amid ‘yellow vest’ protests

French President Emmanuel Macron has vowed on Thursday a “significant” reduction in income tax, especially for the “middle class”, and pledged to implement a greater number of reforms under his ruling government. He added he was seeking to make the parliament “more efficient”.

According to ANI news reports, during a media conference at the Elysee Palace, the French president stated, “I asked myself: Should we stop everything that was done over the past two years? Did we take a wrong turn? I believe quite the opposite.”

Thursday’s media conference was the first in past two years after Macron took the office as the president of the country, Al-Jazeera news agency reported.

The development has come after five months of the mass street demonstrations in the nation by the “yellow vest” protesters (gilets jaunes anti-government demonstrators) against the French government.

Macron said to implement the initial development, it would be financed by reducing government spending, closing loopholes, but the country would also need to work more towards the goal achievement.

Macron took it to Twitter and wrote: “It’s not false. We must change our democracy, our organization, our administration.”

He also called for extra seats in the national assembly or the lower house of parliament in order to give representation to the smaller parties, planning to make this proposal for a few national referendums.

Macron’s government has introduced a bulk of initiatives which includes a hike in the minimum wage by some 100 euros per month, as part of the social and economic emergency scheme which unveiled last year in November.


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