income tax revenues. Illustration – GILE MICHEL / SIPA

We know a little more about famous tax cuts promised for weeks by the government. Bercy could favor a lump down
 Income tax for the middle class, a gesture whose amount would be about one billion euros, reports the newspaper Les Echos in its edition dated Tuesday.

the business daily says that “the lines can still move” by Thursday and a meeting planned between President Francois Hollande and
 his Prime Minister Manuel Valls.

A similar tax measure had already been achieved in 2014. At the time, the measure had benefited 4 million households at a cost of 1.3 billion euros total. But this time, according to Les Echos , the dividend, which could be up to 350 euros for a single and 700 euros for a couple if incomes below 1.1 minimum wage per person could become permanent and be included in the tax code

& gt;. & gt; Read also: Various options are still under consideration, said Michel Sapin

“This is for simplicity and clarity that the government opted for the lump down rather than touching the scale or formula for the discount, unknown to the general public, “notes the newspaper.

Until recently, the size of the tax reduction mentioned was around 2 billion euros, provided that this growth is more than 1.5% of gross domestic product year (GDP). But last week,
 Minister of Economy and Finance, Michel Sapin, had warned that it was necessary to stop talking about two billion euros because the margin available to the government was “not the same”.

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