Flexing the Muscles: Thorsten Frei's Plan to restart the German Economy
Immediate Execution of Multiple Projects by Chancellor's Top Aide - Immediate Implementation of Multiple Projects, as per Chancellor's Statement
Hey there! Let's dive into Thorsten Frei's proposals for a swift economic revival, as he shared in a conversational interview with the German Press Agency. Frei, the Chief of Staff, emphasized the urgency of taking immediate action to provide relief to citizens and businesses across Germany.
"It's about getting cracking on the initiatives that offer quick wins for the economy and our citizens," he stated, adding that there are multiple projects in the coalition agreement between the CDU and SPD that can be executed without spending a dime.
One such proposal is the flexible working hours, where the focus shifts from daily hours to a weekly maximum, providing businesses with the freedom to create schedules that best suit their needs. Another intriguing move is the potential scrapping or suspension of the controversial Supply Chain Due Diligence Act for a brief period, further easing regulatory burdens on companies.
The Union and SPD also hint at swift action to reduce electricity tax and network charges, strategic moves aimed at lessening the financial weight on both households and businesses. To spark an economic rebound, they are keen on igniting an investment turbo by improving depreciation options and advancing towards a broader corporate tax reform.
Frei underlines the importance of creating more favorable economic conditions through tax and energy reforms and reduced bureaucracy. "What we need now is to send a clear signal to the economy and the people that we're capable of turning the tide and getting back on the growth path," he added.
To Fund these initiatives, Frei proposes two viable options. The first is to slash expenses even further, freeing up resources for new projects. The second involves generating economic growth. "If we manage to return to a growth path, the additional value creation will also result in higher tax revenues," he explained. These funds will then allow for the implementation of a multitude of measures from the coalition agreement.
Frei emphasizes that governing is not a win-lose game, but rather a collaborative effort to ensure that everybody benefits. Striking a balance between coalition partners is crucial. "We must find the sweet spot between our demands, understanding what's achievable without overburdening the other side," he contended, expressing confidence that if they tread carefully, something valuable will come from it for our country.
- Thorsten Frei
- CDU
- SPD
- German Press Agency
- Coalition Agreement
- Federal Government
Additional highlights:- Reduction of administrative burdens on public services- Income tax reductions for small and medium earners- Overtime bonuses to be tax-free- Additional tax incentives for pensioners, part-time workers, and longer-hour workers- Focus on trade unions and collective bargaining- Strengthening infrastructure development
These proposals aim to boost the economy, ease burdens on businesses and households, and encourage investment, delivering a much-needed shot in the arm for the German economy.
- Thorsten Frei advocates for immediate action to provide relief to citizens and businesses in Germany, focusing on initiatives from the coalition agreement between the CDU and SPD that don't require additional funding.
- One such initiative is the proposal for flexible working hours, where businesses can create schedules that best suit their needs by shifting focus from daily hours to a weekly maximum.
- Another proposed move is the potential suspension of the Supply Chain Due Diligence Act for a brief period, which would easen regulatory burdens on companies.
- The Union and SPD also plan to take swift action on reducing electricity tax and network charges, aiming to lessen the financial weight on households and businesses as part of their plan to spark an economic rebound.
