France Suspends Diesel Tax Hike

Emmanuel Macron Blinked. Gee, who coulda thought.

In the wake of massive protests and denials that policy would change, the French Government Will Suspend Fuel Tax Hike following riots.

Edouard Philippe, prime minister, will announce a moratorium on the increase in the fuel tax scheduled for January 1, in an attempt to ease the “yellow vests” protest, government sources told AFP.

Such a move would mark the first time in Emmanuel Macron’s 18-month presidency that he has backed down on measures in the face of street protests, and comes as he faces record low approval ratings.

Promise Delivered

Fancy that. Macron backed down off a pledge to save the world from global warming.

Wasn't that what his constituents asked for?

Yes, but only on the proviso they did not have to pay for it.

As noted previously: Politicians Beware: It's Best Not to Deliver What You Actually Promise.

Mike "Mish" Shedlock

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Axiom7
Axiom7

A bunch of rich people get together and decide that they need to fight climate change. They decide the best way to achieve this is by taxing poor people. Utter shock when the poor people start rioting.

SMF
SMF

End of the World hysteria has a written record of about 2000 years. As a child, these predictions would scare me plenty. As I matured and used my memory, I could see how the vast majority of these predictions never came to pass.

Latkes
Latkes

France is projecting a 2.8% budget deficit in 2019. Higher than the Italian budget rejected by the EU.

Latkes
Latkes

It's a 6 month temporary suspension. Not a win for the protesters.

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