In his inaugural Bundestag address, new Chancellor Friedrich Merz outlined his agenda, emphasizing tax reforms aimed at stimulating the economy. Although he proposed tax relief for corporations and a review of potential benefits for middle-income earners, he offered no firm guarantees for immediate financial relief for ordinary workers. Additionally, while Merz's coalition may consider raising the â¬15 minimum wage, he refrained from making commitments. His speech reflected a balancing act between conservative fiscal policies and the expectations of lower-income constituents.
Merz's push for economic reform hinges on tax relief for businesses, but tax cuts for workers will depend on the government's financial review, leaving many uncertain.
While applauding corporate tax reductions, Merz's assurance for ordinary workers lacked firmness, indicating potential tax relief is contingent upon future financial evaluations.
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