finance
Taxpayers’ Association warns of “record tax”
Christian Lindner called on the ministries to save. Exactly how this is to be done is unclear. photo
© Kay Nietfeld/dpa
“In the top league worldwide for taxes and social security contributions”: The taxpayers’ association calls for a solid financial policy from the traffic light and warns of a tax record of 1,000 billion euros.
Before the tax estimate was announced, the taxpayers’ association called on the government to implement a stability-oriented financial policy.
“Germany is one of the world leaders when it comes to taxes and social security contributions,” said the President of the Taxpayers’ Association, Reiner Holznagel, to the “Neue Osnabrücker Zeitung”. “Citizens and companies are facing a record 1000 billion euros in tax payments alone. I think that with all this money, a stability-oriented financial policy must finally succeed again – without detours via creative debt funds and crisis inventions.”
Finance Minister Christian Lindner wants to announce today what tax revenue the federal, state and local governments can expect by 2028. The state could take in more than one trillion euros in the coming year.
Deficit of 14 to 18 billion euros in the federal budget for 2024
Most recently, the FDP leader identified a deficit of 14 to 18 billion euros in the federal budget for the coming year. “This budget gap must be generated by doing without,” said Lindner. And this does not even take into account the multi-billion dollar additional requests from the ministries, which can only be realized through further cuts elsewhere.
In the morning, Lindner announced that he had to postpone another appointment in the federal government’s budget dispute. Lindner said on the way to the meeting of G7 finance ministers in Niigata, Japan, that he would only present the government draft for the 2024 budget to the cabinet after June 21. The cabinet was originally supposed to approve the draft on that day. The Finance Minister has called on the ministries to save. Exactly how this is to be done is unclear.
Holznagel told the newspaper that the state was not in need of money, “but simply wanted to spend too much and had no priorities”. He therefore spoke out in favor of “load braking”. “It would start with consistent inflation compensation in tax law and the complete abolition of the solidarity surcharge.”