French Court Rejects Part Of Hollande's Tax-cutting Effort

wochit politics
August 06, 2014 AT 11:36 AM
A top French court rejected a plank of President Francois Hollande's economic reform package on Wednesday, just as a coalition partner threatened to quit the government in another spat over legislation. Hollande has staked his credibility on efforts to jump-start economic growth and job creation in Europe's second-largest economy by slashing 30 billion euros off payroll taxes paid by firms. Parliament has already passed this year's public funding bill.