Macron Announces Wage Hikes, Tax Cuts Amid “Economic, Social State Of Emergency”
by Tyler Durden
ZeroHedge.com
Mon, 12/10/2018
In his first public comments in more than a week, French President Emmanuel Macron said on Monday that his administration will show “no mercy” towards “Yellow Vest” protesters who have committed violence over the last four weeks of demonstrations across the country, while also announcing a series of economic measures in an attempt to restore calm.
“When violence is unleashed, freedom ends,” said Macron – while acknowledging that there is a “deep anger” at the French government that is justified – yet which should not devolve into violence. Macron added that he shares some responsibility for the situation – which began as a climate change-linked fuel tax and quickly transformed into a general anti-government protest.
To combat future violence, Macron will use “all means’ to restore calm, and has called for an “economic and social state of emergency,” according to AP.
Economic relief
Macron – whose approval rating is at an all time low, says he has asked his government to increase wages by 100 euros per month beginning in January as part of a series of new measures to be released in detail on Tuesday. He also announced that overtime hours won’t be subject to payroll tax, and that his administration will scrap a tax hike on poor and low-income retirees. Furthermore, Mcron asked companies to pay end-of-year bonuses which won’t be taxed, and will suspend a CSG levy on pensions below 2,000 euros per month.
Macron also said that immigration “must be debated” as well, as anti-immigrant sentiment has spread throughout Europe.
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