Sébastien Lecornu doesn’t need “small savers to be affected” by a rise within the CSG on property | EUROtoday

Speaking in a session through the examination of the Social Security financing invoice for 2026 (PLFSS), Wednesday December 3, the Prime Minister, Sébastien Lecornu, declared that “the government does not want small savers to be affected [par une hausse] of the CSG [contribution sociale généralisée] of heritage”. The CSG is among the sources of financing for social safety, levied on salaries and pensions, but in addition on capital earnings (actual property, financial savings, investments, and so on.).

During his speech, Mr. Lecornu additionally affirmed that he ” to like[ait] that the subject is not exploited for political purposes”while the Socialist Party and the Republicans have fought over it in recent hours.

“A budget in which there are tax increases (…) I will not vote for it”said the leader of the Les Républicains (LR) deputies, Laurent Wauquiez, on TF1. The Socialists are attached to this measure, adopted at first reading at the Palais-Bourbon but rejected by the Senate, which would bring in 2.8 billion euros and could finance certain expenses, including the suspension of pension reform.

“Increasing the CSG on capital income means leveraging assets rather than work to save retirees, the sick, people with disabilities”replied the president of the Socialist Party (PS) deputies, Boris Vallaud, to his right-wing counterpart. “Reduce the deficit to 20 billion euros [l’objectif du gouvernement]without revenue measurement like the CSG, I don’t see how they do it”added socialist Jérôme Guedj.

But for Maud Bregeon, government spokesperson, nothing insurmountable if another measure compensates for the loss of revenue. Another one “possible track”according to her, would be to freeze the revaluation of part of pensions, as voted by the Senate, above 1,400 euros, while the deputies had voted for a total thaw at first reading.

Renunciation of 49.3 reiterated

But nothing says that this could satisfy the National Assembly. Not sure either that the LR deputies are in line with their senator counterparts. “Up to 1,400 euros, your pension is increased. At 1,450, it is not. The French don’t really understand”pointed out Laurent Wauquiez. The moment of truth could come well before December 9 because deputies must already vote on the “revenue” part of this budget, with or without the CSG, potentially as early as Thursday.

During his speech on Wednesday at the National Assembly, Sébastien Lecornu also reiterated his renunciation of using 49.3. “You have final responsibility for this copy”despite the call from the president of the Republicans and former Minister of the Interior, Bruno Retailleau, for Mr. Lecornu “assume” to use this constitutional provision which allows the adoption of a text without a vote on it. The head of government wants a “PLFSS of compromise and transition”.