French CEOs want TAX CUTS not TAX INCREASES that will cause more factory closures (unemployment, companies)

[Miborn]

Companies want their operating costs lowered by at least 30 billion euros over the next 2 yrs and they want employer portion of welfare charges cut. The Liberals need to listen to this!


“Our (profit) margins are at record lows,” they said, adding that France was suffering record levels of unemployment that in September breached the three-million mark to a rate of more than 10 percent.
The AFEP’s onslaught comes amid fears that the Socialist government will raise taxes and social charges to pay for deficit reduction, a move they say would further weaken French companies and force more factory closures.

French CEOs call for huge cuts to welfare charges - BUSINESS - FRANCE 24

[wutitiz]

High taxes, gov't fingers in every economic pie. And 10% unemployment. Big gov't and high unemployment go hand in hand.