Another Euro-conservative headed for defeat after proposing responsible tax increases.
Sarkozy Unveils Tax Raises but Not a Re-election Bid
January 29, 2012
…He said he would increase the basic consumption tax by 1.6 percent, to 21.2 percent, while imposing a 0.1 percent tax on financial transactions and raising by 2 percentage points the taxes paid on financial profits. Mr. Sarkozy also announced measures to increase the number of apprenticeships for young people, to increase construction of low-income housing and to create an “industry bank” to make cheaper loans to small and medium companies.
Sarkozy’s comeback hopes crumble, polls show