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France’s New Popular Front (NFP) is pushing an extreme tax hike after winning snap legislative elections. The far-left bloc wants to impose a 90 percent tax rate on annual income over €400,000 (~$430,000).
This radical proposal sets the stage for a clash with President Emmanuel Macron. Despite his Ensemble bloc falling to second place in the National Assembly and third by share of the popular vote, Macron wants to install a prime minister of his choosing.
