October 17, 2012

Germany heads in the right direction

I wonder how many French speakers are learning German. From CNBC:
Merkel Urges Tax Cuts to Boost German Economy
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.

"Growth in Germany can at the moment be stimulated by an increase in domestic demand more than anything else," she said.
And she is dialing back the alt.energy scams too:
She said the Renewable Energy Act that has helped make Germany a world leader in renewable energy � getting 25 percent of its electricity from wind, solar, and biomass � needed to be reformed because of the sharply rising surcharge costs.

"I see an urgent need to reform the Renewable Energy Act," she said.
Good. If she gets the corporate tax rate lowered too, Germany will come back with a roar. Let's hope that the rest of EU takes notice... Posted by DaveH at October 17, 2012 3:46 PM
Comments
Post a comment









Remember personal info?