Nicolas Sarkozy, the French Ronald Reagan?
In addition to reforming the 35-hour policy, Mr Sarkozy has indicated that he wants to increase incentives for working overtime (via tax breaks), reduce income taxes across the board, and exempt much of the population from inheritance tax. He will also have to try to cut France’s fiscal deficit and lower the public debt-to-GDP ratio, which, at 66 per cent, exceeds the 60 per cent ceiling imposed by the European UnionSarkozy plans on capping an individuals tax payments at 50%, and making mortgage payments tax deductible as well. Watch as France's productivity, tax revenue, and GDP all increase. Watch the unemployment rate--currently at 8.7%--plummet.
I don't know about you, but I feel like a croissant.