France 24: Tax Breaks hurt French Economy, report says Do you think such tax breaks and exemptions should be axed, in order to increase government revenues and eliminate loopholes? If these tax breaks and exemptions are removed, how will this affect the French economy? Should the United States conduct similar reviews of tax exemptions? What do you think would come out of such a report? Do you see any similarities between the situation in France and the situation in the United States, in relation to government revenues and public finances?