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Germany Takes an Unassuming Approach to Tax Cuts, in Contrast to Trump
Tags: Current Focus, Renewal Europe, Leadership Skills, Managing Business, United States, Germany, European Union, Capital Markets, The Economy, Movement for Renewal of America, 2. Cost of Living Action, 3. Income and Wages Fairness, 5. Bringing Jobs and Factories to the US, 6. Capital Allocation for Infrastructure, Goods and Services, 8. U.S. Investment by Government+ Private, 10. Health- Body/Mind Wellbeing for All ,
Germany's increased borrowing and tax breaks for business to increase growth- Germany's version of DJT's US Tax Cuts Bill.
Chancellor Merz and Finance Minister Klingbeil of the two main parties CDU and SPD have put forward this bill to increase growth and productivity, with increased investment from business and government. The debt brake in the German constitution was taken out for increased borrowing.
Merz told the German parliament-
“None of us is doing this lightly. We know that this will place a considerable burden on future budgets, including interest obligations in future budgets. But the alternative — doing nothing, not enabling investment, especially from the private sector in Germany — is not a better option.”
Germany like the US is taking an approach of investing for growth to chart a new future.
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