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New German government to slash taxes
AFP (hosted by Google) ^ | Oct. 24, 2009 | Simon Sturdee

Posted on 10/24/2009 4:23:11 PM PDT by wolf78

BERLIN — Germany's newly elected government unveiled its plans for the next four years on Saturday, spearheaded by 24 billion euros of tax cuts in spite of the country's mammoth debt mountain.

"It is all geared to creating jobs," Chancellor Angela Merkel said, calling the coalition pact, finalised after three weeks of tough negotiations in the early hours of Saturday, Germany's "answer to the crisis."

"We have agreed a coalition programme showing that we want to advance courageously into the future," she said. "We are aiming for growth, for the creation of an education republic and social cohesion."

"The burden on families has to be lessened, the burden on companies and inheritance tax has to be reformed," Merkel told reporters.

Merkel, 55, won a second term in elections on September 27, ditching her previous coalition partners, the centre-left Social Democrats, in favour of the pro-business Free Democrats (FDP).

The cuts, some of which will take effect from January 1, 2010, come despite the parlous state of Germany's public finances, with the national debt currently standing at around 1.5 trillion euros (2.25 trillion dollars) -- and growing fast.

Germany already spends tens of billions in interest payments on its debts each year, and it will borrow hundreds of billions of euros more over the next few years as the country reels from its worst recession since World War II.

The new government argues that the economic growth that the cuts will trigger will help cover the cost, together with as yet unspecified reductions in public spending.

(Excerpt) Read more at google.com ...


TOPICS: Business/Economy; Foreign Affairs; Germany; News/Current Events
KEYWORDS: economy; germany; merkel; taxes
Key members of the new German government:


Angela Merkel, Federal Chancellor


Guido Westerwelle, Vice Chancellor and Foreign Minister


Wolfgang Schaeuble, Finance Minister


Karl-Theodor (Freiherr von und) zu Guttenberg, defense minister (i.e. "Baron von und zu Guttenberg", however noble titles are no longer officially recongnized in Germany), Defense Minister


1 posted on 10/24/2009 4:23:14 PM PDT by wolf78
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To: wolf78

You Go Girl Chancellor!

Ever thought that we would look to Germany as a model of economic policy?


2 posted on 10/24/2009 4:29:05 PM PDT by garjog (Used to be liberals were just people to disagree with. Now they are a threat to our existence.)
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To: wolf78

Germany needs to, uh, go serious nationalist, uh, again.............Might be the only way to save all of Europe.


3 posted on 10/24/2009 4:31:06 PM PDT by raptor29
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To: wolf78

They’re cutting taxes to create jobs. So, they are leaving more money with the productive people who made it and letting them decide whether to spend it or save it or invest it. What a novel concept!!!!!!!!


4 posted on 10/24/2009 4:32:45 PM PDT by Former Proud Canadian (How do I change my screen name now that we have the most conservative government in the world?)
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To: wolf78

Encourge Job creation

No cap and trade

do what ever it takes to get the economy going and growing again.

You know the major difference?

No Obummer, Nancy and Harry along with the Rat party.

Germany is the new hope of the world.


5 posted on 10/24/2009 4:35:10 PM PDT by ncfool (Cash for Clunkers - A big failure and Obama and rats want us to trust them with our healthcare!)
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To: wolf78

Deporting every “immigrant” on welfare will help quite a bit.


6 posted on 10/24/2009 4:36:50 PM PDT by PapaBear3625 (Public healthcare looks like it will work as well as public housing did.)
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To: wolf78
"It is all geared to creating jobs," Chancellor Angela Merkel said

This German socialist Merkel can admit the obvious relationship between tax cuts and job creation only because she doesn't NEED massive, increasing unemployment in order to pass socialist health care. Ubama, on the other hand, will not cut taxes and will in fact increase them dramatically by allowing the Bush tax levels to sunset. Ubama NEEDS more desperate unemployed Americans in order to pass his socialist health care.

Tough crap for those who are unemployed. Tough crap for America.

"Congratulations, America, on your historic election."


7 posted on 10/24/2009 4:39:10 PM PDT by Lancey Howard (Go, Phillies!)
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To: garjog

Back at the ranch, the rats prepare to drop a tax bomb on the economy to continue their war on capitalism.


8 posted on 10/24/2009 4:45:59 PM PDT by businessprofessor
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To: wolf78

Ich bin ein Berliner on economic policy.


9 posted on 10/24/2009 4:51:36 PM PDT by VRWC For Truth (Throw the bums out who vote yes on the bail out)
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To: businessprofessor

We just wont participate.Its the only way to fight it.


10 posted on 10/24/2009 4:55:13 PM PDT by HANG THE EXPENSE (Life is tough.It's tougher when you're stupid.)
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To: wolf78
"It is all geared to creating jobs," Chancellor Angela Merkel said,

Are you paying attention 0bama? No, I didn't think so, you dipstick.

11 posted on 10/24/2009 4:59:55 PM PDT by theDentist (fybo; qwerty ergo typo : i type, therefore i misspelll)
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To: wolf78

germany has a more pro-american government than america. odd, ain’t it?


12 posted on 10/24/2009 5:03:17 PM PDT by smonk
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To: wolf78

WUNDERBAR!


13 posted on 10/24/2009 5:23:55 PM PDT by Gapplega
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To: raptor29

So long as they don’t get notion to start oppressing the Jews and not go goose-stepping outside its borders. Putting a stop to Muslim immigration and kick the rest of them out I’m ok with that.


14 posted on 10/24/2009 5:26:32 PM PDT by JoeMac ("Dats all I can stands 'cuz I can't stands no more!'' Popeye The SailorMan)
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To: VRWC For Truth

“I am a Jelly donut”


15 posted on 10/24/2009 5:27:26 PM PDT by stockpirate ("if my thought-dreams could be seen. They'd probably put my head in a guillotine" Dylan)
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To: wolf78

Hey guys!

did you all know that WESTERWELLE already has come out of the closet??!

How will he be foregin minister in the Arba countries???Hmmm.


16 posted on 10/24/2009 6:10:22 PM PDT by Recovering Ex-hippie (Pray for Israel! And Georgia ! And the Iranian people! and Honduras!)
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To: Recovering Ex-hippie
Hey guys!

did you all know that WESTERWELLE already has come out of the closet??!

Yeah, Westerwelle's gay:



But it's not like he will travel draped in a rainbow-colored flag. First of all, there will most likely be no official mention of the fact that he's gay by any Arab officials. And secondly, it's a question of power and interdependence, plain and simple. Germany's the world's fourth largest econonomy (after the US, China and Japan) and probably half of Saudi Arabia's military equipment has German parts in it. So when Angela Merkel visited Saudia Arabia, protocoll officials simply informed the Arabs that the German chancellor won't be wearing a headscarf - and noone made a fuzz.

Same for Condi Rice. Pelosi on the other hand...


17 posted on 10/24/2009 6:24:55 PM PDT by wolf78 (Inflation is a form of taxation, too. Cranky Libertarian - equal opportunity offender.)
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To: wolf78

Great points!

Cleverly said...money trumps all!


18 posted on 10/24/2009 6:29:37 PM PDT by Recovering Ex-hippie (Pray for Israel! And Georgia ! And the Iranian people! and Honduras!)
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To: wolf78

They used to call it the “German disease” in the 1900s. Not that there’s anything wrong with it. lol.


19 posted on 10/24/2009 7:14:00 PM PDT by Gapplega
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To: wolf78

Has the world turned upside down?? France and Germany are more conservative economically than we are???

And when this works well for Germany by next year, what will President O be saying???


20 posted on 10/24/2009 7:16:10 PM PDT by Yaelle
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To: wolf78
Yeah, Westerwelle's gay:

I wouldn't care if Obama installed a bathhouse in the White House, so long as he would cut our taxes!

21 posted on 10/24/2009 7:18:02 PM PDT by Yaelle
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To: Recovering Ex-hippie
did you all know that WESTERWELLE already has come out of the closet??!

Yes I knew that four years ago when Germany had its last national elections. What I want to know is why are you so fixated on it that you must post the same thing in every thread about the German election? Did he turn you down?

22 posted on 10/24/2009 8:57:50 PM PDT by CzarNicky (The problem with bad ideas is that they seemed like good ideas at the time.)
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To: JoeMac

I’m in favor of any country fixing their problems, regardless of who those problems are.


23 posted on 10/24/2009 9:31:22 PM PDT by raptor29
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To: CzarNicky

I just found out about it. We are not all so knowledgeable about everything as you.

I don’t care if he is gay or not...I find it interesting considering that he will go to Arab countries.

you dont ‘ have to get nasty about it.


24 posted on 10/25/2009 6:22:23 AM PDT by Recovering Ex-hippie (Pray for Israel! And Georgia ! And the Iranian people! and Honduras!)
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