“It’s a major defeat for the government,” says Eric Coquerel

The 2025 draft budget was rejected on Tuesday in the Assembly, notably by the votes of the government coalition and the National Rally.

“It’s not a surprise but it’s a first, there has never been a budget in the Assembly that was rejected by its own majority”reacts Eric Coquerel, La France insoumise deputy for Seine-Saint-Denis and president of the Finance Committee at the National Assembly, Tuesday November 12 on franceinfo evening, after the rejection of the 2025 draft budget in particular by the voices of the coalition government and the National Rally.

“It clearly shows the failure of the Barnier government which was neither able to avoid the changes that we managed to make in this budget nor to pass its budget. It is a major defeat”he explains. In this scenario with a reversed front, the deputies rejected by 362 votes against 192 the party “recipes” of this finance bill (PLF), which is equivalent to pushing back the entire text. The executive can now send its text to a Senate with a more favorable composition.

The government budget had been largely reworked offering a version “NFP compatible” according to Eric Coquerel. What pushed the budget minister to denounce “a tax bludgeoning”denouncing the new taxes on superprofits, superdividends, share buybacks and even the wealth of billionaires. This position is assumed by Eric Coquerel, with the result “75 billion in extra revenue taken only from the ultra-rich and very large companies, we did not touch SMEs or VSEs. Emmanuel Macron had so much benefited large companies, it is quite easy in the end to recover 75 billion”.

“95% of our measures concern the 0.1% of the richest and large companies. We have removed taxes that the vast majority of French people would have suffered, I am thinking of the tax on electricity.”

Eric Coquerel, LFI deputy and chairman of the Finance Committee at the National Assembly

in franceinfo evening

The chairman of the Finance Committee believes that it is necessary “tax the ultra-rich to invest in ecology. What we are proposing is that we must tax the income from capital which is not invested, those which enrich the shareholders too much to put them back on the side of the productive, the employees, SMEs, VSEs, the complete opposite of what has been done for several years”.