French government considers emergency tax cuts to quell protests


French President Emmanuel Macron is considering emergency tax cuts to bring an end to the violent protests that led to at least one death over the weekend, Bloomberg reported Monday.
More than 220 people were arrested in Paris Saturday as "yellow vest" protesters assembled for the third straight weekend, demonstrating against fuel taxes and Macron's policies in general. A government representative previously said policy changes were not being considered, but officials are worried that the economy could be affected by the ongoing tensions.
Finance Minister Bruno Le Maire called the economic impact of the protests "severe," and said he is "ready to commit" to reduced spending to offer tax cuts for the nation's middle and working class.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Protestors demonstrating against declining purchasing power, and students in about 100 schools who protested educational reforms on Monday, made a major dent in revenues over the weekend, writes Bloomberg. Supermarkets reported drops of up to 25 percent, and the transportation industry reportedly lost more than 400 million euros as regular business ground to a halt in the face of the protests all over the country.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Summer Meza has worked at The Week since 2018, serving as a staff writer, a news writer and currently the deputy editor. As a proud news generalist, she edits everything from political punditry and science news to personal finance advice and film reviews. Summer has previously written for Newsweek and the Seattle Post-Intelligencer, covering national politics, transportation and the cannabis industry.
-
5 editorial cartoons about ICE raids
Cartoons Political cartoonists take on ICE raids, harvesting Big Macs for Donald Trump, and what to do when Stephen Miller shows up at the front door
-
Grilled radicchio with caper and anchovy sauce recipe
The Week Recommends Smoky twist on classic Italian flavours is perfect to grill, drizzle and devour
-
What we know about Iran's nuclear programme
In the Spotlight The global nuclear watchdog has declared Iran in breach of its non-proliferation obligations for the first time in 20 years
-
Economists fear US inflation data less reliable
speed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutiny
Speed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress code
speed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirement
speed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff display
Speed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loom
Speed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panels
Speed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of business
Speed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores