What does Fabien Roussel’s economic program entail?

Raising the minimum wage, 32-hour working week, nationalization of companies… The economic program of communist candidate Fabien Roussel is in line with the ideas of his party. Overview.

Two months before the first round of the presidential election, Fabien Roussel, the national secretary of the French Communist Party (PCF), gets about 4% of the voting intentions in the polls, ahead of his socialist rival Anne Hidalgo.

Pro-nuclear, lover of “good wine, good meat and good cheese”, the 62-year-old deputy, from a family of communist militants, will be the guest of the show make France succeed from BFM Business on February 17. The opportunity to peel off the economic aspect of his program called “France happy days”.

Raising the minimum wage, 32-hour working week, nationalization of companies… Fabien Roussel’s proposals are in line with the ideas of his party.

Salary and purchasing power

> Increase of the Smic to 1500 euros net per month

Like almost all candidates for the 2022 presidential election, Fabien Roussel wants to raise the minimum wage. He proposes to increase it to 1500 euros net per month. Please note, since January 1, 2022, the minimum wage in France is 1603.12 euros gross for a 35-hour contract, or about 1269 euros net.

The increase proposed by Fabien Roussel is therefore around EUR 230 net per month.

In addition, if elected, the candidate promises that no pay will be less than the minimum wage. This will also apply to students who receive the minimum wage.

pension

> Departure at the age of 60 at full rate

Like Philippe Poutou or Nathalie Arthaud, Fabien Roussel wants to lower the retirement age with full force to 60, contrary to the proposals at the other end of the political spectrum.

The communist candidate also wants to allow early departures for people in difficult jobs or with long careers.

The pension amount will be 75% of net income from activity, both in the public and private sectors. It is calculated based on the best 10 years in the private sector. In public, there will be entitlement to the most favorable option between the ten best years of salary with bonuses, or the last six months of index salary.

businesses

> 32-hour work week

“Work less to work better,” defends Fabien Roussel, inverting the slogan of Nicolas Sarkozy’s 2007 presidential campaign. The candidate proposes to reduce the working time to 32 hours per week, with no salary reduction.

> New corporate tax

The candidate wants a “modular” tax depending on the turnover and results of the companies. It will be higher for groups that relocate, cut jobs, conduct financial operations and create pollution. A way to encourage them to change their practices.

In addition, Fabien Roussel makes an “exceptional contribution” from the profits of large groups and insurance companies, to finance or reimburse the costs associated with the health crisis.

> Nationalization of companies

In order to “take control of the finances”, the main theme of his campaign, the candidate plans to nationalize certain strategic groups, such as the major banks and private insurance companies. Fabien Roussel mentions as an example “BNP, Axa and Société Générale”. But also EDF, SNCF, La Poste or France Telecom.

> Suspension of social plans and pending layoffs

Fabien Roussel wants a moratorium on social plans and ongoing layoffs at companies. Companies that are not considered legitimate to resign, for example companies that pay dividends to their shareholders, do not have the right to do so. They will have to offer the employees alternatives, such as setting up a retraining system while retaining income.

> Restoration and tripling of the ISF

Fabien Roussel promises to restore the ISF, the wealth tax (ISF) abolished in 2018 by Emmanuel Macron, who preferred to tax tangible assets by introducing the property tax.

In his program, the Communist Party candidate states that “his amount will be tripled”, without further details.

> Progressive tax

The 50-year-old deputy wants to make the tax more “progressive” by increasing the number of installments to fifteen, instead of five today. A way to make the tax more “just”.

“The little one will pay small, and the big one will pay a lot,” the candidate summed up during his meeting in Marseille.

Before adding that the “gifts to GAFA, Google and others are over: they will pay”. “We will really hunt down tax evaders, stop corruption, stop tax evasion, white-collar criminals: in court.” Fabien Roussel also plans to appoint a minister dedicated to tax evasion in the person of Northern Senator Eric Bocquet.

• Energy

> Pro-nuclear

The former journalist is leading an unusual campaign on the left on nuclear energy maintenance. Not only does he not want to be without this energy, but he also plans to build at least six additional EPDs.

In order to achieve CO2 neutrality in 2040-2050, it also wants to invest massively in renewable energy (solar, wind and especially in hydraulics, adjustable renewable energy).

> Energy check for a minimum of 700 euros

In terms of purchasing power, the minimum amount of the energy check would be increased to 700 euros, while it currently fluctuates between 48 and 277 euros. In addition, Fabien Roussel plans to ban power cuts for people in a state of fuel poverty.

• Transport

The candidate wants to encourage the French to take the train and public transport to reduce CO2 emissions and protect the planet. To this end, it plans to reopen small SNCF lines to open up rural areas.

He proposes to create “Roussel trains” with the reimbursement of TER subscriptions for employees, funded equally by the state and by the employer, and to make urban public transport free.

Another area of ​​investment: the development of cycle paths by injecting 500 million euros per year, and up to 1 billion in the long term.

• Accommodation

In his program, Fabien Roussel promises the renovation of 500,000 thermal sheds per year thanks to a tenfold increase in the budget of the National Agency for the Improvement of Housing (ANAH). To this end, it foresees an envelope of EUR 10 billion per year from the start of the mandate, and hopes to reach EUR 20 billion in the medium term.

He also proposes to spend 2 billion euros on the replacement of 3 million oil-fired boilers. This way of heating, which emits a lot of greenhouse gases, is doomed to disappear. According to a decision published in the Official Gazette in early January, no new oil or coal boilers may be installed from July.

• Agriculture

In ten years, France has lost 100,000 farms. Fabien Roussel wants to give new impetus, defending a target of “500,000 new farmers by 2030 to meet the needs of the country”.

The candidate seeks food sovereignty and pledges that free trade agreements will be challenged. “Imports of food products from countries that do not meet the same health and environmental standards as those of our producers will be heavily taxed,” the program reads.

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