Unsurprisingly, and despite the intensity of the debates in the Senate, the members of the upper house of Parliament rejected the increase in the CSG on investments and land income. While the deputies had introduced into the Social Security financing bill (PLFSS) for 2026 an increase in the generalized social contribution by 1.4 points – from 9.2% to 10.6% – the senators deleted article 6 bis of the Social Security budget, this Friday, November 21.
By 208 votes to 133, they adopted several identical amendments returning to this increase in taxation, supposed to hit property income and income from movable capital, including interest on bank savings accounts, term accounts, housing savings plans (PEL) as well as the income derived from life insurance in euro funds or stock savings plans (PEA).
Because on most of these savings products, the gains obtained are subject to the flat taxa single flat-rate levy (PFU) of 30% made up of 12.8% tax and 17.2% social security contributions – among which the CSG is therefore included. With an increase of 1.4 points, it is therefore an overall rate of 31.4% which could burden this income. “An ideological measure, which will discourage French households from investing in our economy”criticized the amendment from Maine-et-Loire senator Emmanuel Capus (Horizons), who also pointed out the impact of this measure on the economy. An opinion shared by Michel Canévet and the centrist Union, castigating in a similar amendment the “particularly negative economic and fiscal effects by increasing the single flat-rate levy on income from movable capital to 31.4%, a record level in Europe. For property income, always taxed at the progressive income tax scale, the maximum overall tax rate would reach 67.6%.he feared.
Senators freeze the CSG scale for retirees and the unemployed
So many arguments which therefore prevailed in the Senate, mainly on the right on the political spectrum, and which displays the objective of not increasing taxes, by working on “controlling expenses rather than increasing revenues”as summarized in the amendment by the general rapporteur of the Social Security budget, Elisabeth Doineau, also adopted.
A mantra that did not prevent senators from reinstating the freezing of the CSG scaleThursday, November 20, on replacement income (retirement, unemployment, etc.), which will increase taxes on these households and would bring 300 million euros in 2026 to public finances. This measure in the government’s copy was removed in the National Assembly on October 27.
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