Merz Coalition Negotiates €20 Billion Tax Cut for Earners Up to €100,000
Updated
Updated · Bloomberg · Jun 27
Merz Coalition Negotiates €20 Billion Tax Cut for Earners Up to €100,000
1 articles · Updated · Bloomberg · Jun 27
Summary
Germany’s ruling coalition is negotiating up to €20 billion in income-tax relief, with the plan aimed at workers earning as much as €100,000 a year.
Sunday talks between Friedrich Merz’s Christian Democratic-led bloc and the Social Democrats are meant to narrow a key split over how to finance the cuts.
The tax package is part of a broader reform push covering pensions, healthcare and taxes, as Merz tries to use early political momentum to revive growth in Europe’s biggest economy.
A July 1 coalition meeting is expected to finalize the blueprint for that wider overhaul.