this post was submitted on 15 Jul 2025
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France’s prime minister, François Bayrou, has proposed scrapping two public holidays as part of radical measures aimed at reducing the country’s ballooning deficit, boosting its economy and preventing it being “crushed” by debt.

Outlining the 2026 budget on Tuesday, Bayrou suggested Easter Monday and 8 May, when France commemorates Victory Day, marking the end of the second world war, although he said he was open to other options.

The centrist prime minister said: “The entire nation has to work more so that the activity of the country as a whole increases, and so that France’s situation improves. Everyone will have to contribute to the effort.”

France is under pressure to bring its public deficit, running at 5.8% of GDP, under the 3% figure required by EU rules, and to rein in €3.3tn of public debt – on which the annual interest, of €60bn, could soon become its biggest budget outlay.

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[–] geissi@feddit.org 24 points 1 day ago

the second-highest marginal tax rate in the EU at 55.4%.

Tax on what, labor income?
Because that is not what the rich live off. On the contrary it makes building wealth harder for the working class.

Also how do you arrive at 55.4%?
All I could find was a marginal income tax rate of up to 45% + an additional 3-4% for incomes over 250k.
https://fr.icalculator.com/income-tax-rates/2025.html
Are you adding social security as well?