France Hollande Will Keep Pushing for Supertax

France’s President Francois Hollande says he still plans to raise the top rate of income tax after his 75% plan was struck down on technical grounds.

In a national address on New Year’s Eve, he said the law would be redesigned, adding, “we will still ask more of those who have the most”.

However, he did not mention the 75% figure, leading some to speculate that the move would be watered down.

The president also promised “all efforts” towards cutting unemployment.

The number of jobless broke the three-million barrier for the first time this year, prompting Mr Hollande to say the trend must be reversed.

Mr Hollande has been criticised for lacking direction, and his popularity levels have plummeted, since he took power in May.

He acknowledged the “serious and legitimate” concerns of the public, and that there had been “fits and starts” in his first six months.

But the president insisted France would emerge from the financial crisis “sooner and stronger” than expected because of action by his government.

“We’ve set the course – jobs, competitiveness and growth – and I will not deviate. It’s the future of France,” he said.

via BBC

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