President: Eric Zemmour is working to quantify his economic program

In his presentation on the presidential project this Wednesday, Eric Zemmour reiterated that his lack of experience in politics would be an asset in joining power. “I’m a free man, so I’ll do everything I promise,” he assured the journalist audience. A vast project as long as about 400 proposals are implemented in just five years.

Many will directly or indirectly lead to new spending, especially through “social and tax relief.” For households, candidates can, for example, lower the CSG for low wages and small annuities, unconditionally exempt taxes, exempt first-time buyers from transfer taxes of less than € 250,000, or abolish audiovisual license fees. I suggest you do. According to the candidate, this series of measures, worth € 28 billion, will bring about 5 billion additional VAT revenue.

For businesses, aid and tax cuts

Former journalists are even more generous to businesses, reducing production tax cuts by € 30 billion, as required by employer organizations.

For self-employed and small businesses, the candidate wants to reduce the corporate tax rate from 25% to 15%, with a profit of up to € 300,000. However, it creates a free zone in the hollowed out area. In this zone, businesses are exempt from corporate and production taxes for five years.

Billions for the sovereign

Therefore, companies should benefit from a total tax cut of € 36 billion. In return, $ 10 billion in aid is eliminated even if you don’t know which device will be targeted. In addition, additional tax revenue of 15 billion is expected. Combined households and businesses, the total cost of the state is € 64 billion, and in the most optimistic scenario the net cost is € 28 billion.

Within the cost range is € 32 billion aimed at funding the candidate’s “priority policy”. Mostly devoted to the field of sovereignty (construction of prisons, creation of the “Ministry of Immigration”, significant increase in defense budget). There are also plans for a medical investment plan that involves hiring talent and doubling the training capabilities of doctors. Generous family policy provides for the restoration of universality of allowances or the payment of childbirth subsidies in rural areas, completing the big picture.

Turn the screw on the cultural budget

In terms of funding, panoramas are more vague, some sources are difficult to quantify, and some numbers are contested. This is the case of the abolition of non-contributory aid (RSA, family allowances, housing aid) to foreigners outside Europe, which is expected to bring € 20 billion annually. Ratings considered unreliable by the National Family Allowance Fund itself. To justify this calculation, the candidate team refers to an OECD estimate published in the newspaper “Marianne” … but this also seems to underestimate the measurable benefits of this measure.

Eric Zemmour, like many other Elysee candidates, has promised to reduce state spending by up to € 15 billion. There are plans to abolish national medical assistance, expel unaccompanied minors, or halve public development assistance. Similar to “Reducing the cost of intervention by the Ministry of Culture”, it will undoubtedly result in a screw-in budget for the public audiovisual sector, or a reduction in funding for films considered “anti-France”. Finally, other non-sovereign ministries will be invited to fasten their belts after an audit by the Board of Audit.

Fight fraud

Local government budget savings are also expected, and candidates are looking for duplication and intend to generalize the use of contract workers. A total of 15 billion is expected. “It’s playable and represents about 5% of the community’s budget,” he wants to believe in Eric Zemmour’s best friend, citing a similar purpose included in the 2017 Francois Fillon program. increase.

Finally, Reconquista candidates will fight social fraud and tax optimization. If the details of the implemented means are still lacking, 15 billion savings (a considerable amount of money) will also be displayed there.

In summary, for a cost of 60-96 billion, Eric Zemmour estimates that his reforms will generate 65 billion savings. Not to mention pensions, it should bring 15 billion for the whole year at the end of a five-year term. Candidates plan to reduce the public deficit to less than 3% of GDP “from 2025”.