Friday, May 23, 2025
  • Login
Bullnews - Your Daily Source for Financial Insights, Stock Market Trends & Investment News
Advertisement
  • Home
  • USA
  • World
  • Investing
  • Alternative Investing
  • Personal Finance
  • Opinion
  • Retirement
  • ETFs
  • FX
  • Crypto
No Result
View All Result
  • Home
  • USA
  • World
  • Investing
  • Alternative Investing
  • Personal Finance
  • Opinion
  • Retirement
  • ETFs
  • FX
  • Crypto
Bullnews - Your Daily Source for Financial Insights, Stock Market Trends & Investment News
No Result
View All Result
Home World News

Germany’s CDU Proposes Voter Incentives: Tax Reductions and Enhanced Immigration Controls

by bullnews
December 14, 2024
in World News
Reading Time: 3 mins read
0 0
0
Germany’s CDU Proposes Voter Incentives: Tax Reductions and Enhanced Immigration Controls
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Stay on top of the latest happenings with free updates straight to your inbox. Just sign up for the German politics myFT Digest today!

Germany’s conservatives are gearing up for the February snap election with a strong focus on tax reductions and stricter measures against illegal immigration, as outlined in a draft manifesto reviewed by the Financial Times.

This 79-page manifesto pledges “new policies that will propel Germany forward. And our commitment is clear: we will make that a reality.”

Set to be officially revealed on Tuesday, the manifesto shows surprising consistency with Chancellor Olaf Scholz’s policies, particularly regarding military support for Ukraine. However, when it comes to immigration, the conservatives are advocating for a much firmer stance compared to the outgoing administration. “We need to reclaim control over who comes to us and who is allowed to stay,” the document emphasizes.

The Christian Democratic Union (CDU) and its Bavarian counterpart, the Christian Social Union (CSU)—collectively known as the “Union”—are poised to win the election, having gained a significant lead in the polls over other parties.

The path to early elections was cemented last month after Scholz dismantled his coalition with the Social Democrats (SPD), Greens, and liberals. Now leading an SPD-Green minority government, Scholz is set to face a confidence vote in the Bundestag on Monday, which he is expected to lose. This would prompt the president to dissolve the legislature and call for early elections.

Championing an “agenda for hard-workers,” the CDU/CSU’s draft election program proposes income tax cuts for low and middle-income earners, a reduction in social security contributions, and gradually lowering corporate taxes to 25 percent from the current 30 percent.

The parties are also pushing to completely remove the “Soli,” an income tax surcharge introduced in the 1990s to fund German reunification. They plan to reinstate fuel subsidies for farmers, decrease value-added tax in the hospitality industry to 7 percent from the current 19 percent, and raise inheritance tax allowances.

However, it’s not clear how the Union intends to finance these tax cuts. They remain committed to the “debt brake,” Germany’s constitutional limit on new borrowing, which critics argue hampers necessary investments in defense, infrastructure, and the green transition. “Today’s debts become tomorrow’s taxes,” the manifesto cautions.

Despite their sharp critiques of Germany’s benefit system, the CDU/CSU does not propose major overhauls to the welfare state. They oppose cuts to state pensions and raising the retirement age. Instead, they support an “active pension” enabling workers past retirement age to earn up to 2,000 euros a month tax-free.

The draft suggests abolishing the Bürgergeld, or ‘citizen’s money,’ a welfare program rightwingers equate with universal basic income. They aim to replace it with a “new basic insurance” that would be withheld from those refusing job offers.

Breaking from the Greens and SPD, the CDU/CSU argues that nuclear energy should be an “option” for Germany, advocating research into small modular reactors and nuclear fusion. They also wish to reverse the prohibition on petrol and diesel vehicles.

In foreign policy, the Union pledges support for Ukraine through “diplomatic, financial, and humanitarian means, along with weapons supplies,” and stresses rekindling relations with France and Poland.

The parties propose that Germany allocate at least 2 percent of GDP to defense spending, implement mandatory service for young adults—though stopping short of reinstituting military conscription—and establish a national security council within the chancellery.

Under the Union’s proposed measures, law enforcement would gain the authority to turn back migrants at the border to “halt illegal immigration” and they would increase deportations. They also advocate for a “third state model” in the EU, where refugees would have their asylum applications processed outside the EU and be granted protection there.

Furthermore, they plan to repeal a law from the Scholz government that allows foreigners to apply for naturalization after five years in the country, including provisions for dual citizenship. “The German passport should represent the culmination of integration, not the beginning,” the manifesto proclaims.

Tags: CDUControlsEnhancedGermanysImmigrationIncentivesProposesReductionsTaxVoter
Previous Post

Jana Urges Markel to Prioritize Insurance and Boost Value

Next Post

Key Takeaways from Trump’s 2017 Tax Cuts in Uncertain Times

Similar Stories

Earnings Call Transcript for Q1 2026: The TJX Companies, Inc. (TJX)

Earnings Call Transcript for Q1 2026: The TJX Companies, Inc. (TJX)

May 21, 2025
Reasons for Today’s Decline in Tesla Stock

Reasons for Today’s Decline in Tesla Stock

May 19, 2025

Fintech Firm Creates Cost-Effective AI-Powered Bank, Trades Below Book Value

May 17, 2025

Taysha Gene Therapies, Inc. (TSHA) First Quarter 2025 Earnings Call Transcript

May 15, 2025

Earnings Call Transcript for Hydrofarm Holdings Group, Inc. (HYFM) – Q1 2025

May 13, 2025

Is SharkNinja a Potential Millionaire-Maker Stock?

May 11, 2025
Next Post
Key Takeaways from Trump’s 2017 Tax Cuts in Uncertain Times

Key Takeaways from Trump's 2017 Tax Cuts in Uncertain Times

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
How Are U.S. Tariffs Impacting Your Business? Share Your Experience with Us.

How Are U.S. Tariffs Impacting Your Business? Share Your Experience with Us.

May 7, 2025
Trump’s Bold and Impactful Cabinet Selections Are Just What America Needs – News-Herald

Trump’s Bold and Impactful Cabinet Selections Are Just What America Needs – News-Herald

November 22, 2024
8 Updates to CPF in 2025

8 Updates to CPF in 2025

December 15, 2024
Michael Saylor’s 2025 Keynote on Bitcoin for Corporations

Michael Saylor’s 2025 Keynote on Bitcoin for Corporations

May 7, 2025
Trump’s Bold and Impactful Cabinet Selections Are Just What America Needs – News-Herald

Trump’s Bold and Impactful Cabinet Selections Are Just What America Needs – News-Herald

0
Don’t Let Political Turmoil Distract from the Climate Crisis

Don’t Let Political Turmoil Distract from the Climate Crisis

0
Democrats Challenge Trump Policies with Resistance Tactics

Democrats Challenge Trump Policies with Resistance Tactics

0
The Guardian’s Perspective: Global Justice at a Turning Point – The Imperative of Accountability for War Crimes | Editorial

The Guardian’s Perspective: Global Justice at a Turning Point – The Imperative of Accountability for War Crimes | Editorial

0
MTF PCCI as a Filter: MT4 Indicator

MTF PCCI as a Filter: MT4 Indicator

May 22, 2025
Angel Investors to Increase Startup Investments in 2025

Angel Investors to Increase Startup Investments in 2025

May 22, 2025
Selling Gold: 4 Easy Steps to Get Cash

Selling Gold: 4 Easy Steps to Get Cash

May 22, 2025
Earnings Call Transcript for Q1 2026: The TJX Companies, Inc. (TJX)

Earnings Call Transcript for Q1 2026: The TJX Companies, Inc. (TJX)

May 21, 2025
Bullnews - Your Daily Source for Financial Insights, Stock Market Trends & Investment News

Bullnews - Your Daily Source for Financial Insights, Stock Market Trends, Investment News, Cryptocurrancy News and More!

Categories

  • Alternative Investing
  • Crypto
  • ETFs
  • FX
  • Investing
  • Opinion
  • Personal Finance
  • Retirement
  • US News
  • World News

Site Map

  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • Terms and Conditions
  • Contact us

Recent News

  • MTF PCCI as a Filter: MT4 Indicator
  • Angel Investors to Increase Startup Investments in 2025
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2025 Bull News - All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • USA
  • World
  • Investing
  • Alternative Investing
  • Personal Finance
  • Opinion
  • Retirement
  • ETFs
  • FX
  • Crypto

Copyright © 2025 Bull News - All Rights Reserved.