He said he stood by his project to liberalise the French economy, defending his controversial cuts to its wealth tax, which protestors sought to overturn. French voters had said they wanted to pay less tax but wanted more public services. Macron said the “significant” tax cuts for low and average earners would be financed by cutting corporate tax breaks and reducing public spending by streamlining public services. He also said he wanted French people to work longer before retiring, but did not spell out full plans. Already in December Macron had addressed the gilets jaunes by unveiling a €10bn package of tax cuts and income top-ups for the working poor and pensioners.

Source: The Guardian April 25, 2019 17:59 UTC