France's Macron offers tax cuts as part of moves to quell 'yellow vest' unrest

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France's Macron offers tax cuts as part of moves to quell 'yellow vest' unrest
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At the first major news conference of his presidency, Emmanuel Macron pledged ta...

PARIS - At the first major news conference of his presidency, Emmanuel Macron pledged tax cuts but said the French would also have to work more as he outlined his response to months of anti-government protests that have challenged his authority.

Forty-one year-old Macron, who has struggled to shake off the moniker “president of the rich” that links to his past as an investment banker, said he wanted a “significant” cut in income tax, which he said would be financed by closing loopholes some companies benefit from. He said government spending would also be squeezed and the French would have to work longer hours.

With the ‘yellow vest’ protesters frequently decrying the political establishment’s elitism, Macron said he also wanted to get the French more involved in the democratic process by making it easier to hold referendums on some issues. Thursday’s response is the result of a three-month long national debate, during which Macron rolled up his sleeves to discuss issues from high taxes to local democracy with groups of citizens at ‘town hall’ meetings around the country. Dubbed the “great debate”, it also involved one meeting where he stayed up debating issues of state with philosophers until after midnight.

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