NEWSMAX / AP: France’s parliament has passed a contentious budget for next year that includes a raft of new taxes aimed slashing the country’s deficit and putting it on the path to economic recovery.
Socialist President Francois Hollande’s budget aims to cut €30 billion ($40 billion), with two-thirds of that coming in tax hikes, including a 75 percent levy on incomes earned over €1 million. [ $1.32 million] But it was the increase in taxes on profits from investments that raised the most hackles in France, touching off a Twitter revolution of entrepreneurs who accused the government of punishing those who take risks… (more)
