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Socialists Celebrate Pension Reform Suspension, Propose Wealth Tax

10/17/2025

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Summary

Story summary

Olivier Faure, Socialist Party leader, praised the decision to suspend the pension reform, calling it a victory for his party.
Faure announced plans to introduce a Zucman wealth tax imposing a 2% levy on the wealthiest 0.01%.
This followed Sébastien Lecornu's pledge to halt the pension reform, which had sparked protests.
Boris Vallaud signaled willingness to compromise on budget talks and warned that the party could push for government ousting.

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Story summary

Olivier Faure, Socialist Party leader, praised the decision to suspend the pension reform, calling it a victory for his party.
Faure announced plans to introduce a Zucman wealth tax imposing a 2% levy on the wealthiest 0.01%.
This followed Sébastien Lecornu's pledge to halt the pension reform, which had sparked protests.
Boris Vallaud signaled willingness to compromise on budget talks and warned that the party could push for government ousting.