Merkel’s Ruling Bloc Dangles Tax Cuts After 2017 Election
- Business lobby in Merkel’s CDU proposes $33 billion in relief
- Schaeuble says tax revenue as share of GDP should not increase
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German Chancellor Angela Merkel’s ruling bloc is dangling the possibility of tax cuts in the next legislative period in an opening volley of the 2017 federal election campaign.
There’s “certain leeway” for lower taxes after next year, Finance Ministry spokesman Juerg Weissgerber told reporters on Monday in Berlin, citing earlier comments by Finance Minister Wolfgang Schaeuble, who has said that tax revenue as a share of gross domestic product shouldn’t rise further.