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Macron's Budget Battle: Wealth Tax Divides France

10/4/2025

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Summary

Story summary

Emmanuel Macron faces vulnerability as France has a hung parliament and low popularity.
Prime Minister Sébastien Lecornu must win budget support from the Socialist Party.
The Zucman wealth tax, targeting the top 0.1%, enjoys 86% voter support.
Macron opposes the tax, risking instability if talks fail.
The tax could raise $15-$25 billion annually, reducing the deficit.

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Story summary

Emmanuel Macron faces vulnerability as France has a hung parliament and low popularity.
Prime Minister Sébastien Lecornu must win budget support from the Socialist Party.
The Zucman wealth tax, targeting the top 0.1%, enjoys 86% voter support.
Macron opposes the tax, risking instability if talks fail.
The tax could raise $15-$25 billion annually, reducing the deficit.