German Chancellor Urges Tax Cuts to Boost Germany\'s Economy

F

Foxmeister

Guest
Well, well, well. This should shock the Democrats; especially since they think we should do everything they do in Europe.

Chancellor Angela Merkel said on Tuesday Germany needs to stimulate domestic economic demand and urged opposition parties to stop blocking proposed tax cuts in the upper house of Parliament.

Merkel told business leaders Germany should end the automatic progression of workers into ever higher tax brackets due to inflation, which siphons more than 20 billion euros ($26 billion) out of the economy each year. She also renewed her calls for cuts in pension contributions as another way to boost purchasing power.
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The downside is, she's asking German businesses to give their employees higher wage increases. If they do, that would most likely increase the prices for the goods and services those companies provide and offset any tax decrease.

http://www.cnbc.com/id/49433579
 
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