« | »

Shocker: Germany To Cut Income Taxes

From an outraged BBC News:

German coalition agrees tax cut

Saturday, 24 October 2009

German Chancellor Angela Merkel’s conservatives have sealed a coalition deal with the Free Democrats (FDP) based on major tax cut plans.

The deal between the CDU/CSU and the pro-business FDP paves the way for the coalition to take office next week.

Income taxes will be slashed by 24bn euros ($36bn, £22bn) starting in 2011, according to the coalition agreement.

The parties agreed to unite after the September general election in which the FDP achieved its best-ever result…

The coalition deal came in the early hours of Saturday morning after three weeks of bargaining.

Offering tax relief while balancing the country’s ballooning deficit was the main sticking point for the two sides, as Germany struggles with its most severe recession since World War II.

The final tax cut is less than the 35bn euros the FDP sought, but more than the amount Mrs Merkel wanted.

"The burden on families has to be lessened, the burden on companies and inheritance tax has to be reformed," Mrs Merkel was quoted as saying by AFP news agency at the start of a press conference in Berlin…

Of course the BBC is so pig-biting mad they couldn’t even formulate a coherent headline.

But what do the Germans know that Mr. Obama doesn’t?

This article was posted by Steve on Sunday, October 25th, 2009. Comments are currently closed.

4 Responses to “Shocker: Germany To Cut Income Taxes”

  1. Petronius says:

    “The burden on families has to be lessened, the burden on companies and inheritance tax has to be reformed,” Mrs Merkel was quoted as saying ….

    Hooray! With just one sweet –– blissfully sweet –– sentence Angela Merkel does away with volumes of muddy Liberal philosophy and years of socialist cant. No more soupy collectivist abstractions for those Germans, no more razzle-dazzle Keynesian economics, no more useless Marxist experiments.

    Dangerous stuff. Who knows where it will all lead?!

    By God, before long they’ll even have the trains running on schedule, those German running-dog capitalist swine! What then? Promises kept? Contracts observed? Property rights? Profits? Economic growth? Prosperity? Fiscal responsibility? The end of serfdom?

    Thank God for the token! one lip is still free,
    One spirit untrammeled, unbending one knee!
    Like the oak of the mountain, deep-rooted and firm,
    Erect, when the multitude bends to the storm.

    — John Greenleaf Whittier, “Ritner”

  2. joeblough says:

    The American elites have always (since at least 1875-1900) slavishly followed European precedents. It’s just that we are normally a generation or two behind the curve.

    We followed them into the intellectual bogs of Freudianism and Marxism and all the philosophical baggage that went along with that crap.

    Now we are following them into mid-century totalitarianism.

    (Apparently Roosvelt couldn’t pull it off to progressive’s complete satisfaction).

    It seems that they have stumbled on the idea that we may have had it right. That there’s something to all that strange American freedom business.

    So maybe in 50 years we’ll follow them into a weak watery version of the original American freedoms.

    It’s all so bone-headed and pathetic.

    Intellectual weakness is perfectly tolerable and innocent in people with no pretensions of intellectual mastery.

    It’s disgusting in our pompous cultural elites.

  3. Liberals Demise says:

    Germany picks up the American Dream cast out by Obama liberal nitwits.
    How fitting!

« Front Page | To Top
« | »