Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

11/6/2012 (2 years ago)

Catholic Online (www.catholic.org)

Government announces tax cuts and reforms to boost ailing economy.

The Socialist government of France is conceding defeat to free market forces by announcing 20 billion euros worth of tax cuts for businesses. The cuts are required because the country is losing competitiveness in the international market, weakening the economy. 

Anti-capitalists have held too much sway in French government.

Anti-capitalists have held too much sway in French government.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

11/6/2012 (2 years ago)

Published in Europe

Keywords: France, Ayrault, socialism, Sweden, tax cuts, welfare


PARIS, FRANCE (Catholic Online) - The French government is very socialist providing excessive entitlements to the people at the expense of business and taxpayers. The policies have oppressed the free market there to the point that job creators and businesses have fled the country en masse. 
Economic leaders have been calling for a significant tax cut for businesses, and the 20 billion euros is that cut, although it is still not as large as they have asked it to be. Business leaders have asked for a 30 billion euro tax cut. 

Prime Minister Jean-Marc Ayrault also proposed new incentives for businesses to innovate, train workers, and keep jobs in France. 

"France needs a new model" Ayrault said Tuesday. 

Ayrault soothed those who were worried that France may begin dismantling its social welfare system, reassuring people that France could use Sweden as a model. Sweden has been successful at liberalizing its economy without destroying its welfare state. However, Sweden remains an exceptional case. Sweden has a small military, remains neutral in conflicts, and enjoys high tourism and export profits. 

Ayrault added, "France is not condemned to an inevitable spiral of decline but a national shock is essential if we are to retake control of our destiny,"

In addition to the tax cuts, which will be applied over three years, there will also be cuts to some welfare programs to the amount of 10 billion euros. These cuts will be combined with a 10 billion euro increase in consumer taxes. Most of those taxes will come from the Value Added Tax. 

Unfortunately, business leaders say, the reform package does not address oppressively high payroll taxes which keeps the French economy at a disadvantage. 

High taxes and extreme welfare entitlements have made France a target for criticism of the welfare state opponents. They have also cost the economy dearly. In taking steps to address this problem, the French government is acknowledging that extreme socialism and welfare do not work - somebody has to pay, but no business or job creator is going to pay more than they feel is their fair share. 

Adjusting the tax burden to ensure everyone helps and nobody is crushed, is a good first step towards sensible reform. 


---


Pope Francis: end world hunger through 'Prayer and Action'


2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for November 2014
Lonely people:
That all who suffer loneliness may experience the closeness of God and the support of others.
Mentors of seminarians and religious: That young seminarians and religious may have wise and well-formed mentors.



Comments


More Europe

Evangelical, Missionary Pope Francis Calls Europe to Return to Jesus Christ and Christian Roots Watch

Image of The European Parliament building

By Deacon Keith A Fournier

I believe that Europe has many resources for going forward. It's like a sickness that Europe has today. A wound. And the greatest resource is the person of Jesus. Europe, return to Jesus! Return to that Jesus whom you have said was not in your roots! And this is ... continue reading


Father William Nolan appointed by Pope Francis as Bishop of Galloway Watch

Image of

By Catholic Online (NEWS CONSORTIUM)

Pope Francis has appointed Father William Nolan, vicar general of Motherwell, as Bishop of Galloway. Father Nolan says he is "over-awed" by the appointment. He has served in the parish of Our Lady of Lourdes, East Kilbride, for 20 years. Nolan will replace ... continue reading


Rome's Colosseum to host cultural events again Watch

Image of Occasional concerts are held inside the Colosseum but the rebuilding of the arena's wooden flooring would allow more frequent events.

By Catholic Online (NEWS CONSORTIUM)

It once hosted bloody sports galore, with gladiators fighting to the death as well as Christians being thrown to the lions. Now, Rome, Colosseum will begin hosting less blood-soaked events. Italy's culture minister has given the green light for special events ... continue reading


Pope Francis appoints Robert Sarah to head the Vatican's congregation of liturgical practices Watch

Image of Robert Sarah, the 46-year-old president of the Pontifical Council Cor Unum, has been named by Pope Francis to head a congregation on liturgical practices.

By Catholic Online (NEWS CONSORTIUM)

Cardinal Robert Sarah of Guinea has been appointed the new head for the Vatican congregation that oversees and determines the liturgical practices of the Catholic Church world wide. LOS ANGELES, CA (Catholic Online) - Pope Francis made the appointment on November ... continue reading


SCARY VIDEO! What the heck blew up in Russia's sky? Was it a meteor or something stranger?! Watch

Image of A still taken from footage of the phenomena that took place in Russia on November 14.

By Catholic Online (NEWS CONSORTIUM)

What was the mysterious phenomena that occurred in Russia and was witnessed and captured on camera by dozens of motorists? It appears that nobody knows for sure, and even experts are left scratching their heads while they struggle to find reasonable explanations. ... continue reading


Who really was Jack the Ripper? New evidence points to one man Watch

Image of A criminologist from England may have new evidence that points towards the real identity of Jack the Ripper.

By Catholic Online (NEWS CONSORTIUM)

A new theory about the identity of infamous 19th century London serial killer Jack the Ripper may explain why the murderer was able to elude contemporary and modern authorities for so long and escape justice. LOS ANGELES, CA (Catholic Online) - Dr. Gareth Norris, a ... continue reading


Which countries drink the most beer? Our list may surprise you! Watch

Image of Beer is one of the most widely consumed beverages in the world.

By Catholic Online (NEWS CONSORTIUM)

Who still drinks beer?  Beer is one of the most widely consumed beverages, behind water and tea.  Beer is also a Catholic tradition, alongside wine-making, and has been widely practiced in monasteries, especially in Europe. Now, a list has emerged detailing ... continue reading


To raise money for the poor, Pope Francis to raffle gifts Watch

Image of The tickets are only a modest 10, but this includes a new Fiat Panda 4x4, with all optional extras.

By Catholic Online (NEWS CONSORTIUM)

Talking the talk, walking the walk: Pope Francis has done it again. The pontiff is raffling gifts that have been given to him in order to raise money for the poor. Posters announcing the raffle have gone up all over Vatican City. LOS ANGELES, CA (Catholic ... continue reading


Russia could destabilize Eastern Europe if Ukraine left unchecked, Merkel warns Watch

Image of It's exceedingly tough talk from German Chancellor Angela Merkel. She says that Russia's annexation of Crimea and subsequent destabilization of eastern Ukraine

By Catholic Online (NEWS CONSORTIUM)

It's exceedingly tough talk from German Chancellor Angela Merkel. She says that Russia's annexation of Crimea and subsequent destabilization of eastern Ukraine "called the whole of the European peaceful order into question." Adding to the gloomy outlook was a ... continue reading


The Pope Who Builds Showers for the Poor under St Peters Rattles our Comfort Zones Watch

Image of Pope Francis embracing Jesus in the face of the poor

By Deacon Keith A Fournier

Those who love the poor - like Jesus loved the poor- are an instruction manual for the rest of us. They are a sign of the kingdom, making it present in their wake. We have such a man in this Pope named Francis. He recognizes that poverty is more than a lack of ... continue reading


All Europe News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Revelation 18:1-2, 21-23; 19:1-3, 9
1 After this, I saw another angel come down from ... Read More

Psalm, Psalms 100:2, 3, 4, 5
2 serve Yahweh with gladness, come into his presence ... Read More

Gospel, Luke 21:20-28
20 'When you see Jerusalem surrounded by armies, then ... Read More

Saint of the Day

Saint of the Day for November 27th, 2014 Image

St. James Intercisus
November 27: James was a favorite of King Yezdigerd I of Persia and a ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter