France’s new left-wing coalition, known as the New Popular Front, is reportedly planning to implement a 90% tax on the rich following the coalition’s win in France’s recent snap election.
According to GB News, the New Popular Front movement, which was formed just a month ago, managed to secure a major victory in the second round of voting. The New Popular Front secured 183 seats, which prevented Marine Le Pen’s National Rally party from winning the election as many had anticipated.
French President Emmanuel Macron’s Together coalition finished second, while Le Pen’s National Rally finished third in the election.
Sky News reported that France’s New Popular Front is pushing for a prime minister to be chosen who will promote the movement’s left-wing ideas, including a 90% tax on the rich. However, while the coalition won the most seats in the recent election, it failed to reach the 289 seats needed for a majority in France’s National Assembly.
Despite the uncertainty surrounding the French government as the major coalitions struggle for power, Sky News reported that the New Popular Front has remained insistent that its left-wing ideas will be implemented in the new government.
Manuel Bompard, a member of the left-wing Unbowed party, said, “We are preparing to govern, to apply the programme which is ours.”
Following the election, Bompard has urged Macron to appoint a prime minister who will implement the New Popular Front’s agenda.
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Bompard said, “The president must appoint as prime minister someone from the New Popular Front to implement the NFP’s programme, the whole programme and nothing but the programme.”
Sky News reported that it is not yet clear whether the New Popular Front will work with other parties to form a legislative majority or if moderate groups within the coalition will make a deal with more moderate political parties.
According to Sky News, the New Popular Front previously announced an economic program that included a 90% tax on an annual income above €400,000 (roughly $433,000), lowering the age of retirement to 60, raising the country’s minimum wage, and implementing price controls on electricity, gas, petrol, and essential foods.
