French President Emmanuel Macron announced on Monday evening tax cuts of up to €2 billion for the French people. The announcement targets France’s middle class, which has borne the brunt of high inflation and stagnating salaries over the past few months.

Speaking in a televised interview hosted by French national broadcaster TF1, President Emmanuel Macron on Monday evening said that his government is planning to propose tax cuts of up to €2 billion to boost the French people’s purchasing power.

The cuts are mainly aimed at “French women and men who work hard to try to raise their children but run out of money by the end of the month due to rising costs of living”, Macron said, adding that his goal is to increase the disposable income of the French middle class.

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