Economics Minister Habeck defends plan for tax relief and special funds

Economics Minister Habeck defends plan for tax relief and special funds

According to a report by www.tagesschau.de,

Federal Minister of Economics Robert Habeck has proposed introducing tax relief for companies amounting to around 30 billion euros per year together with the Union. This is to be financed through the introduction of a special fund. However, this requires a two-thirds majority in the Bundestag and thus the approval of the opposition. Habeck emphasized the democratic necessity of dialogue in order to improve the economic situation.

Finance Minister Christian Lindner rejected Habeck's proposal and instead called for the solidarity surcharge for companies to be removed. In his opinion, this is the easiest way to relieve the burden on companies. The federal government would then have to discuss ways of counter-financing.

Gunnar Groebler, CEO of the steel group Salzgitter AG, expressed fears that the current energy price in Germany is affecting the competitiveness of the economy. He called for an expansion of the power grid. The Federal Minister of Economics emphasized that such an expansion would help create new jobs and stimulate the economy.

Business correspondent Julia Löhr raised concerns about high subsidies for renewable energy, warning that this could lead to long-term burden and dependency. Habeck pointed out that the introduction of climate money depends on technical requirements and financing.

Overall, it is clear that the discussion about tax relief for companies and the expansion of renewable energies is shaping the political and economic landscape in Germany. The suggestions and counter-demands from Habeck and Lindner could have far-reaching effects on the market and the financial industry. It is important to monitor further developments as they represent potential changes for investors and companies.