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CDU/CSU Reject Klingbeil’s Float of Higher Taxes on the Wealthy

The finance minister reignited the fiscal debate as Germany faces a €30 billion hole in 2027 and roughly €172 billion in unfunded needs through 2029.

Finanzminister Lars Klingbeil (SPD) im ZDF-Sommerinterview: „Da wird keine Option vom Tisch genommen“
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Lars Klingbeil
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Overview

  • Lars Klingbeil told ZDF he will not take any option off the table to close the gap, explicitly including higher levies for very high incomes and large fortunes.
  • Kanzleramtsminister Thorsten Frei, Unionsfraktionschef Jens Spahn and CSU’s Martin Huber ruled out tax hikes, citing the coalition agreement and urging spending cuts instead.
  • SPD parliamentary manager Dirk Wiese backed financing promised relief for small and middle incomes and said asking top earners to contribute more would be acceptable.
  • Business and taxpayer groups argued Germany has an expenditure problem and pressed for savings, while the Sozialverband Deutschland endorsed higher taxation of the very wealthy.
  • No specific measures have been presented, and negotiations over cuts, subsidy reviews and possible revenue steps are set to shape the autumn budget talks.