French President Francois Hollande attends a ceremony for the Working Medal of Honour to mark Labour Day at the Elysee Palace in Paris May 1, 2013 . REUTERS/Yoan Valat/Pool
PARIS (Reuters) - President Francois Hollande's government on Monday announced cuts in tax breaks for rich households as part of a plan to reduce the huge cost of France's generous family benefits system.
The changes will stop short of cutting allowances outright for high-earning families, as some officials had wanted.
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