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German Election Highlights Contrasting Tax and Welfare Proposals

Parties propose divergent plans on taxes, pensions, and social benefits, with questions over feasibility and impact.

Overview

  • The FDP emphasizes tax cuts for high earners, flexible retirement options, and reduced social spending, but experts question the financial viability of their plans.
  • Sahra Wagenknecht's BSW proposes significant tax increases for the wealthy and corporations, alongside higher pensions and expanded welfare benefits, though funding remains unclear.
  • The SPD seeks to raise taxes on top earners while providing relief to low and middle-income groups, aiming to balance social equity and state revenue.
  • The CDU/CSU and FDP both advocate for broad tax cuts, including raising the income threshold for the top tax rate and eliminating the solidarity surcharge.
  • Experts highlight concerns over the long-term sustainability of pension systems and criticize all parties for lacking comprehensive reform strategies.