This double failure costs EUR 680 million

On the eve of the presentation of the Bill of finance 2011, Jérôme Cahuzac involves the choice of the Executive.

Christine Lagarde has called this weekend's draft budget 2011 "courageous and determined". What are the words that you remember

Improvisation and injustice. Improvisation by multiple announcements of various levies, without consistency, and sometimes their abandonment. Injustice, especially with the absurd maintenance of shield tax while efforts are required for the largest number.

The left calls for savings on tax niches. You think of the proposed measures, which must bring $ 10 billion in 2011

First, it is improper to speak of niches for the majority of the measures envisaged. The Government bias in characterizing niches, which have bad press savings, increases in taxes that are honnies and proscribed. It could at least respect the official nomenclature on the niches of the Ministry of the Budget! VAT at 19.6 on the Internet offers triple play, it is a tax increase. Same thing for the tax on insurance precautionary reserves or the increase in the rate of income tax. In the end, this will lead to the largest voluntary increases of samples since those decided by Alain Juppe in 1995. The rate of mandatory levies will return in 2012 at the level of 2007. Even a promise of Nicolas Sarkozy not, since this rate should decrease by four points. And, in the passage tax injustice will be aggravated: planned, often lump-sum tax rises, will touch more low income and middle-class.

The plane suddenly affect more the more affluent...

It should not even be 500 million, and only from 2012. It is less than the cost of the tax shield. Fight in a fair and effective against niches, to harden the global ceiling of niche. The principle exists today, with a ceiling of 20,000 euros plus 8 of revenue, but there is a "budget" symbolic. I propose it down significantly, while maximum broadening the scope of the relevant niches.

The Government says that 60 of the effort on revenues will be companies and 40 households. What is your assessment

I see that a single measure really affecting businesses, namely, the calculation of the relief of loads on an annual basis, $ 2 billion. The rest will directly affect the taxpayer and the consumer. When there is VAT, it is the consumer who pays. When it increases taxes on health, the price of mutual and insurance contracts increases for all insured persons, regardless of their income.

The forecast of a deficit reduced to 6 of gross domestic product in 2011 seems more credible than in the spring...

It is based on a forecast of 2 growth, when economists provide rather 1.5 to 1.8. As the France absolutely must keep its commitments, it means that need to increase taxes or reducing expenses.

That suggest you during the parliamentary debate

Must be at least suspend the tax shield until 2012. This device has not permitted the return of tax exiles. It protects the pension and not work. This double failure costs EUR 680 million. The political cost is even more important, especially since the disclosure of certain amounts for the return of several million euros. The majority of members understood that this symbol has become politically intolerable, and that adjustments to the margin will be insufficient.

What will be your other amendments

I intend to propose the removal of the incentive tax credit, which is a tax niche inciting the use of a social niche! The Finance Committee is unanimous to review business research tax credit, to consolidate the tax benefit at the level of the groups to be based on the actual operating costs. Finally, concerning Lai, several recent cases highlighted that the definition of professional property had become overly extensive. This must be corrected.

The constitutional rule of balance of public finances was slow to materialize...

What rule we talking Finally, the Camdessus group has not proposed to impose a formal rule of balance, contrary to the request of Nicolas Sarkozy. Moreover, it is curious to say that we are going to establish a rule of balance for later, that it immediately repeal the organic rule against any transfer of the Cades social debt that not be accompanied by sufficient revenue to not extend the duration of depreciation.