• Sat. Mar 2nd, 2024

Conservatives Urge Chancellor Scholz to Address Economic Challenges in Germany with Measures Like Cutting Tax Burden and Vetoing EU Supply Chain Law

ByEditor

Feb 12, 2024
Germany’s CDU seeks to take control of the economy early – Euractiv

Chancellor Olaf Scholz is being urged by the German conservatives to take action to address the country’s economic problems. The center-right CDU/CSU is currently leading in the polls and is expected to form the next government. One of their main concerns is getting rid of the EU supply chain law known as the corporate sustainability due diligence directive (CSDDD).

In a letter to Chancellor Scholz, CDU leader Friedrich Merz outlined 12 measures that he believes could improve Germany’s economic situation. These include cutting the corporate tax burden by a sixth and capping social security contributions at 40% of gross wages, as well as vetoing CSDDD. The conservatives’ support for these measures has been welcomed by the liberal FDP, while the Greens and SPD have been more cautious.

This letter from Merz is just one of many proposals on how to address Germany’s economic challenges. Vice-Chancellor Robert Habeck has proposed a special shadow budget of €1.6 trillion for industry, while Finance Minister Lindner has suggested a “dynamising programme”, which includes slashed corporate taxes and a focus on CO2 pricing. The SPD has not yet presented its suggestions for addressing the country’s economic woes.

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