Eric Zemmour, economic program between Nicolas Sarkozy and Donald Trump

Massive tax cuts, economic patriotism, the fight against social fraud, ardent support for a strong family policy and the priority of the car in transport… These are the main measures of the Reconquista candidate.

Patriotism, liberalism and purchasing power. These are the three main directions of the economic program of Erik Zemmura. The presidential candidate, who is more listened to on social issues, does not have a clear economic agenda. But the candidate insists that the new proposals will enrich his campaign program, such as the “zero bonus” announced at the Feb. 5 caucus.

In the economics section of his program on his website, Eric Zemmour devotes little space to sentences. Of the 16 pages of this program, the candidate dedicates 14 graphs and tables that, he says, show the decline of France: the fall in the human development index, the fall in GDP per capita compared to Germany, the lower employment rate for foreigners, the trade deficit …

However, the polemicist and writer, who has not yet been recruited for his candidacy as a major economic figure, is advised on these issues by two individuals. Most notably Loïc Le Floch-Prijean, a former big boss sentenced to two and a half years in prison for misuse of corporate assets in the case of Elf, who claims to be his friend, and Jean-Baptiste Danet, former president of the employers’ network. CroissancePlus and creator of Interbrand brand strategy consultancy.

Two advisers who share the same ambition as the candidate: the reindustrialization of France. This is the first part of the PhD program.

His offerings to the industry

According to INSEE, the weight of industry in French GDP has indeed increased from 16.5% in 2000 to 12.5% ​​in 2018. Thus, Eric Zemmour wants to “turn France into a great industrial power”. The candidate wants to create a large ministry of industry, energy and foreign trade to stimulate reindustrialization. Thus, the candidate on the right wants to create free industrial zones in the image of urban free zones and rural revitalization zones, which will consist of tax incentives (no production tax or income tax for five years) for industrial companies that will be established in the target areas. .

Measures of this kind, already taken by previous governments, have so far not yielded convincing results.

These devices “do not take into account the diversity of situations,” lamented a group of economists at a forum in 2020. That’s why they failed: available estimates show no effect of RZRs (rural revitalization zones) on employment. .”

Eric Zemmour also wants to create a large sovereign fund, fueled by the A livery, to invest in French companies and extend control over foreign investment to all sectors.

To restore France’s competitiveness, the candidate is heading for current tax policy, pushing for further tax cuts.

Thus, he intends to reduce production taxes by 30 billion euros (the current government has reduced them by 10 billion) out of a total tax revenue of 70 billion euros per year. Reduce the corporate tax rate to 15% for small businesses (this rate is already 15% for businesses with a profit of less than €38,000). And simplify administrative procedures.

So many costly measures that the candidate intends to fund by abolishing social benefits for foreigners (a gain of 20 billion euros, according to the debater), as well as by fighting welfare fraud, which the debater estimates at 40 billion euros.

Finally, the Reconquête candidate wants to oblige public order to give preference to French products and establish a “country of the Fatherland” for consumer goods to indicate their French origin. The patriotic measures are reminiscent of Donald Trump’s measures in the US.

His tax proposals

After companies, Eric Zemmour also wants to reduce household taxation. First, by lowering the CGA to low wages below €2,000 per month (rate at 2.5% instead of 9%) so that you can earn €100 more per month.

The candidate is also eyeing Emmanuel Macron and Nicolas Sarkozy. First, it borrows the idea of ​​the “zero bonus” presented at the February 5 meeting, a kind of super “Macron bonus” that will not be limited to 1,000 euros like the current one, and can be given to certain workers and no others (within a three-month net salary). From the second, he takes the idea of ​​”work more to earn more” with full exemption from taxes and social security contributions for overtime work. Measure introduced in 2007 by Nicolas Sarkozy, rescinded by François Hollande in 2012 but relaunched in 2018 by Emmanuel Macron to a limit of €5,000 net of tax per year. Eric Zemmour wants to blow up this ceiling. The current device costs the state about 3.8 billion euros per year and, therefore, its Zemmour version may be more expensive.

Other tax incentives are planned, such as a full participation bonus tax exemption (which the applicant wishes to extend to companies with more than 11 employees), the exclusion of the main residence from the IFI calculation, or the elimination of the audiovisual license fee. (138 euros per year).

His proposals for succession

Exempt the inheritance of parents and grandparents to children up to 200,000 euros (compared to 100,000 euros today) and exempt from gift and inheritance tax the transfer of family business from generation to generation.

The measures here are again expensive, since, according to the Montaigne Institute, they will amount to 7.75 billion euros after deducting government revenues.

His housing offers

The Reconquista candidate does not have a separate program dedicated to housing, but he has put forward proposals on this issue in the media.

First, Eric Zemmour wants to stop the development of social housing by repealing the SRU law, which sets quotas of 25% of social housing in cities. The measure, however, is more social than economic for the candidate.

“Because of this law, bastards, barbecues, drug lords, imams, women in veils are dumped in all the small suburban towns in the small suburbs where the French bought their property,” he assured Var Morning in January. Because when you bring in millions of foreigners, you have to accommodate them. Well, there will be no more SRU law with me.”

Eric Zemmour has also made another housing offer on France 2, with exemption from notary fees for first-time buyers and a transaction limit of €250,000 to benefit from it.

His social offerings

Eric Zemmour maintains a strong pro-natalist policy. If he is elected president, he intends to return to the universality of family benefits, which are subject to resource conditions from François Hollande’s five-year term. He also wants to double the ceiling on the family coefficient, which allows you to pay less tax depending on the number of children, and which currently stands at 1,570 euros for half the share.

But above all, the candidate made the fight against social fraud his forte. According to his calculations (taking into account caution), this will amount to 50 billion euros per year. Applicant would like to establish an anti-fraud brigade, introduce systematic checks on beneficiaries, suspend assistance for five years to any repeat fraudster, ensure that no beneficiary receives more than the minimum wage, establish a vital fingerprint card, and impose an annual medical examination of beneficiaries living abroad.

His pension proposals

Retirement at age 64 gradually by 2030. This is the main candidate measure for financing the current PAYG system. In addition, he would like to create a bonus-malus system to encourage companies to keep older people at work.

Finally, Eric Zemmour wants to end special regimes by merging public and private regimes. With all these measures, the candidate expects to save 20 billion euros per year.

His transportation suggestions

Eric Zemmour focused his entire program on the car. With measures that should be popular with yellow vests: force companies to refund 50% of fuel costs for commuting up to 40 euros, remove license with points, restore the 90 km / h limit, end any driving ban in the city depending on the type of vehicle, limit fines for illegal parking to 17 euros, extend the inspection period from two to three years…

With these measures, Eric Zemmour intends to unravel most of the measures taken by Macron within the five-year term.

His Energy Suggestions

The candidate makes nuclear energy his hobby. In his program, he announces the construction of 14 new nuclear reactors by 2050, extending the life of the existing fleet to at least 60 years, removing the goal of reducing nuclear power to 50% in the energy mix by 2035.

Finally, Eric Zemmour wants to get into wind turbines.

“Wind turbines are a disaster for the ecological transition because they are intermittent and you have to run gas-fired plants,” the candidate assured France 2 in December. – Nuclear energy is very good, it is carbon-free energy.

All current and future wind farm projects will be cancelled. And state support for wind and solar energy will be redirected to geothermal energy or individual heat pump equipment to replace gas or oil-fired boilers.

His proposals for agriculture

As far as industry is concerned, the right-wing candidate is implementing a series of protectionist measures to protect French agriculture. Prohibit the import of agricultural products that do not meet our quality standards, put an end to the “excessive transfer” of European standards into French law, put an end to France’s negotiations on free trade agreements…

A program in this area, which even leftists and environmentalists are eyeing. If elected, Eric Zemmour wants to help reduce deals by increasing the share of local products in the food service industry, as well as engage in mass distribution by ending brand clustering within large centralized purchasing bodies.

Finally, in order to promote French production, he wants to encourage the creation of organic farmers (but does not indicate how), promote the renewal of the profession by increasing allocations for young farmers and simplifying the procedures for installing and buying land.

Eric Zemmour’s not very detailed program in this area is more like declarations of intent than actual policy measures.

On the other hand, in rural areas, he puts forward specific proposals, such as the establishment of a scholarship of 10,000 euros for each birth in rural areas, the banning of new commercial premises at the entrance to cities, or the recruitment of 1,000 doctors. for treatment in municipal medical centers.

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