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Europe
Sarkozy Vows Tax Cut if Chosen President
2007-01-23
Playing the 'W' card ...
PARIS — French Interior Minister and presidential candidate Nicolas Sarkozy pledged to reduce France's overall tax take by four percentage points of gross domestic product if elected, in an interview published Monday.

Sarkozy, the candidate of the conservative governing Union for a Popular Movement, or UMP, also criticized the 35-hour week introduced by the last Socialist government in an attempt to create more jobs, in the interview with the Le Monde newspaper.

"France's moral crisis has a name _ it's a work crisis," Sarkozy said. Jobs are not created by "the sharing out of work," he said. "Work creates work."
That's going to cause some teeth to itch throughout progressive camps ...
Sarkozy said plans to cut taxes by a total of euro68 billion (US$88 billion) a year would reduce France's overall tax revenues by four percentage points of GDP from the current 45.3 percent. Cuts would be concentrated on "taxes that weigh on jobs," he said. Overtime hours would be exempt from both welfare taxes paid by the employer and income tax paid by the worker. Inheritance tax would be abolished for all but the wealthiest 5 percent of estates.

The UMP is seeking to exploit apparent discord among the Socialists over their tax plans. Earlier this month, Socialist presidential candidate Segolene Royal publicly distanced herself from a pledge by party leader Francois Hollande, who is also her partner, to raise taxes for wealthier households. "The Socialists want to raise taxes. We want to reduce them," Sarkozy said. "This is one of the major debates of the presidential election."
He could have borrowed that line straight out of 2000 and 2004.
Posted by:Steve White

#2  Wow! He could reverse the long term decline (death-spiral) of France. That kind of economic foresight would make him ... unelectable.
Posted by: DMFD   2007-01-23 20:15  

#1  He actually has a plan for accomplishing this, although he didn't mention it. He's going to deport 2 million muzzies a year on flat barges out of Marseilles. Getting their dead asses off the dole easily allows the tax cuts and still preserves the French to enjoy their 40 days of vacation each year. A Double-double.
Posted by: SpecOp35   2007-01-23 01:32  

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