Gigantic investments, higher taxes for the super-rich: The SPD wants it star-Information decide on a new modernization agenda at their party conference. The traffic lights are threatened with new conflicts.
The SPD is calling for a higher burden on top earners and a reform of the debt brake in order to finance additional investments of around 100 billion euros annually. “Citizens with the highest incomes can finance the challenges of transformation from their own resources and make a greater contribution to the common good”, says the key proposal for the federal party conference, which the SPD presidium wants to discuss on Monday. The resolution is in line with that star before. The editorial network Germany (RND) first reported.
The Social Democrats are calling for one “fundamental income tax reform”from which the majority of taxpayers (“about 95 percent”) should benefit. Top earners should finance the relief by: “those who are subject to rich tax must also contribute a temporary crisis tax”. The inheritance and gift tax should also be reformed in such a way that “that multimillionaires and billionaires contribute more to the common good”. The SPD wants to continue the solidarity surcharge, which must be paid by higher income classes “Re-establish the future levy”. The specific amount of taxes for top earners and the super-rich is not quantified in detail in the paper.
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SPD wants debt brake “modernize”
The draft resolution includes the debt brake “in its current form” as a “Location and prosperity risk” for Germany, which no longer reflects economic realities and slows down necessary investments. “We want to change the debt rules”it is said, which is why people continue to campaign for a change to the Basic Law. “In the short term, we will modernize the debt brake, focus it more on investments and make it fairer for future generations.” The Social Democrats are proposing a reform of the economic component, which would make the scope for debt dependent on investments in the productive capacity of the economy. The SPD wants one for the planned investments “Germany Fund” which is to be funded by government borrowings via the capital market and private capital from investors.
The key motion is to be presented at the SPD federal party conference at the beginning of December. The plans hold plenty of potential for conflict for the traffic light coalition. In particular, the FDP firmly rejects any loosening of the debt brake.
Source: Stern
I have been working in the news industry for over 6 years, first as a reporter and now as an editor. I have covered politics extensively, and my work has appeared in major newspapers and online news outlets around the world. In addition to my writing, I also contribute regularly to 24 Hours World.
