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Finance ministers plan 20 billion relief
Finance Minister Lindner is planning a major “economic turnaround” with a reduction in solidarity and overtime pay - all the details here! Relief for the economy through 20 billion euros - find out more now.
Finance ministers plan 20 billion relief
Finance Minister Christian Lindner is apparently planning extensive tax plans aimed at supporting the German economy with relief of 20 billion euros. These plans include, among other things, the gradual reduction of the solidarity surcharge and the creation of incentives for overtime. Lindner has presented these proposals to SPD Chancellor Olaf Scholz and Green Party Economics Minister Robert Habeck, but a final decision is still pending.
It is reported that Lindner's proposed relief has a total volume of well over 20 billion euros. This is intended to initiate an “economic turnaround” and stimulate the weakening German economy. A large part of this sum, namely 13 billion euros, is earmarked for reducing the solidarity surcharge. Lindner had previously advocated gradually abolishing the solidarity surcharge in order to strengthen the economy. In addition, he plans to create incentives for overtime by making a limited number of overtime hours tax-free for full-time employees.
The plans also include immediate write-offs for climate protection investments and attracting foreign skilled workers through tax advantages. The Ministry of Finance has emphasized that measures for an “economic turnaround” are being developed, but the reporting has been declared purely speculative. It is assumed that Lindner could have difficulty pushing his plans through with his coalition partners, as the SPD in particular is against tax cuts for high earners and the Greens are also skeptical about such measures.