February 24, 2024 1:42 pm
Germany’s CDU seeks to take control of the economy early – Euractiv

As Germany faces economic challenges, the CDU/CSU is currently leading in the polls and expected to form the next government. The conservatives are urging Chancellor Olaf Scholz to adopt measures to address the country’s economic problems, particularly in getting rid of the EU supply chain law known as the corporate sustainability due diligence directive.

In a letter to 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. Merz also urged Scholz to abandon his current government partners and rebuild the country’s “grand coalition” on the issue of migration.

The conservatives have been supported by many business leaders who believe that these measures will help attract companies back to Germany. 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.

However, not all parties are happy with these proposals. The Greens and SPD have been more cautious about them, fearing that they could lead to increased inequality and environmental damage. The SPD has not yet presented its suggestions for addressing Germany’s economic woes.

Overall, it is clear that addressing Germany’s economic challenges will require a concerted effort from all political parties involved. While different proposals may have their strengths and weaknesses, it is important to find solutions that work for everyone involved if Germany wants to maintain its position as one of Europe’s strongest economies.

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