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Angela Merkel's New Government build -pledges $24 Billion Tax Cut

by Karl Gotthardt - albertacowpoke | October 25, 2009 at 03:49 am

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During last month's election in Germany, the voters decided on a new direction for Germany. They rejected the Social Democrats (SPD) which were part of the Great Coalition with Angela Merkel's CDU (Christian Democrats and the SPD.

Germans gave a majority to centre right parties the CDU, CSU and Free Democrats.

Angela Merkel has now announced that her new government has been build and that its priority will be a $24 Billion Dollar tax cut over four years and an overhaul of the Health Care System.

Guido Westerwelle, the leader of the Free Democrats, said that the new direction for Germany and the Coalition Agreement are a great compass for Germany. He also advocates removal of all nuclear weapons from German soil. This, no doubt, will be a concern of NATO countries, including the United States.

The new direction of Germany will be scrutinized closely to determine if tax cuts, in fact, will work. This direction is completely opposite the approach taken by the Obama Administration.

BERLIN — Chancellor Angela Merkel on Saturday finished building a new centre-right government for Germany and announced an overhaul of the health care system, more help for families and tax cuts of up to C24 billion over the next four years.

Merkel said the coalition of her Christian Democrats, their Bavarian sister party the Christian Social Union and the pro-business Free Democrats are capable of solving the country's problems following their victory in last month's parliamentary elections.

Guido Westerwelle, the leader of the Free Democrats, said at a joint news conference with Merkel that the coalition agreement was "a great compass for our country."

He added that he wants all nuclear weapons to be pulled out of Germany -- an issue that may prove vexing to the country's NATO allies, including the United States. Merkel made no immediate pledge on that issue.

The coalition agreement is expected to be approved and signed on Monday.

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A. Tran

at 08:04 on October 25th, 2009

It will be interesting how this plan will work out for Germany in the long run.

Karl Gotthardt - albertacowpoke

at 08:16 on October 25th, 2009

Time will tell, but Germany is not alone, a lot of it will depend on the EU. Not unlike most nations that provide public health care, with rising costs they have to find innovative ways to fund and restructure it. Health Care keeps evolving.