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French PM pledges more tax cuts after far-right poll win

Published on May 26, 2014 2:49 PM
 
French Socialist Prime Minister Manuel Valls delivers a speech, on May 23, 2014, in Lyon, as part of the campaign for the May 25 European elections.  French Prime Minister Manuel Valls promised on Monday further tax cuts for low-earning and middle-class households, saying one reason for the rise in support for the National Front in weekend EU polls was anger at years of tax rises. -- PHOTO: AFP

PARIS (REUTERS) - French Prime Minister Manuel Valls promised on Monday further tax cuts for low-earning and middle-class households, saying one reason for the rise in support for the National Front in weekend EU polls was anger at years of tax rises.

"We need more tax cuts ... there must be, because it (the tax burden) has become unbearable," Mr Valls told RTL radio when asked if such a move would be included in future budget plans to be unveiled at the end of the year.

"Until unemployment falls, until purchasing power rises, until taxes fall, the French won't believe us," added Mr Valls, who was promoted to prime minister by President Francois Hollande after his Socialists were routed in March municipal elections.

Mr Valls already announced earlier this month that his government planned to exempt 1.8 million households from income tax, at a cost to the state of 1 billion euros.

 
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