Presidential 2027: LFI leverages 106 billion new revenue to fund its program

Jean-Luc Mélenchon and Éric Coquerel, President LFI of the Finance Committee of the National Assembly, presented Wednesday, 14 October, the budgetary guidelines they would defend in the event of a victory in the presidential elections of 2027. The project foresees €106.4 billion in additional revenue and €81.7 billion in new expenditure. Jean-Luc Mélenchon also announced that he would want to spend $25 billion on debt reduction in the first year. These figures refer to commitments and expected revenues, not results achieved. [S1] [S3]

A draft amendment, not a budget adopted

La Dépêche du Midi and Public Sénat report the same amounts and presentation to LFI headquarters. The available extract from Libération confirms the main directions: ISF climate, Zucman tax and gradual return of retirement at 62 and 60 years. Corsica-Matin states that this budget would be intended to replace the budgetary guidelines adopted before the election. Public Senate describes it as a working document serving as the foundation for a bill on amending finances. [S1] [S2] [S3] [S6]

LFI presents this approach as a break with previous economic policies. Jean-Luc Mélenchon accuses his predecessors of organizing the impoverishment of the state. It also establishes a direct link between business aid, deficit and debt. This explanation is part of his political argument: the reports consulted report this claim, without demonstrating that the aid would be the sole cause of the deficit. [S3] [S6]

Heritage, capital and companies sought

In particular, the tax component is based on a climate ISF, which LFI expects EUR 10 billion, the abolition of the flat tax of EUR 9 billion and a Zucman tax for households with a wealth of more than EUR 100 million, for which 15 billion of revenue is expected. Éric Coquerel claims an increased contribution from financial capital. The amounts announced are estimates of the movement. [S1]

Other resources would come from a 15% increase in the Gafam tax, from a announced inheritance tax to €20 billion and tax niche cuts to €22 billion. The Dutreil Pact on company transfers and the research tax credit are mentioned among the schemes concerned. LFI also wishes to fully restore the value-added assessment of companies, the CVAE. [S1]

For those concerned, the stakes therefore relate to income from capital, ownership and transfer of assets, as well as to corporate taxation. However, the details of scales, exemptions and transitions do not appear in the available elements. It is not possible at this stage to infer a reliable individual invoice or to claim that all savers or heirs would be affected in the same way. [S1]

Public Services and Retirement: Target Recipients

On the expenditure side, La Dépêche reports the planned creation of 10,000 nursing posts, an effort to recruit a comparable order in National Education and free school canteen for all. In addition, the salary of civil servants is increased and retirement returns to 62 years of age at first and then to 60 years of age during the quinquennium. [S1] [S2]

These measures aim at concrete consequences: abolishing the canteen bill for families, increasing the number of public services and allowing for early retirement. They combine extended collective protection with additional levies. However, the advertisements consulted do not sufficiently specify the starting conditions, the timing of recruitment or the implementation of free payment to measure the actual earnings of each household. [S1] [S2]

Tax returns, the main uncertainty

The News reports an objection from Bersingéco: to concentrate large tax increases on certain households and companies could cause departures, decrease attractiveness or change behaviour, reducing expected revenues. The firm believes that an overestimation of overall performance is likely. This is a critical assessment attributed, not a loss of profits demonstrated by a detailed counter-assessment in the available evidence. [S1]

The desired decrease in the French contribution to the European Union is not included in the figures: Éric Coquerel admits that it would first imply a balance of power. The balance announced thus remains dependent on the real return on taxes and on the way in which they are implemented. The commitment to spend $25 billion on debt must be distinguished from a comprehensive fiscal trajectory, which cannot be reconstructed from the accounts consulted. [S1] [S3] [S5]