On July 4, President Trump signed the 'One Big Beautiful Bill Act,' which introduces massive tax cuts for the wealthy and significant reductions to the social safety net in the U.S. This sweeping legislation indicates a continuation of neoliberal policies. In France, Prime Minister François Bayrou has proposed a budget plan for 2026 that mirrors some of Trump’s legislation. It includes substantial job cuts, decreased healthcare spending, and the abolition of two public holidays to bolster state revenues, reflecting a similar neoliberal approach to economic challenges.
The One Big Beautiful Bill Act signed by U.S. President Donald Trump is the most sweeping legislation in modern U.S. history, implementing huge tax cuts for the rich and massive cuts to the social safety net.
Prime Minister François Bayrou of France has unveiled a budget plan for 2026 that seeks to restore public finances by slashing civil service jobs, cutting drug subsidies, and freezing pensions.
The French government's budget plan controversially proposes abolishing two public holidays, Easter Monday and May 8, to generate additional state revenues through increased economic activity.
Despite the rising critique against neoliberal policies, both the U.S. and French governments continue to adopt measures that further entrench neoliberalism as the dominant principle in advanced capitalist societies.
Collection
[
|
...
]