CDU politician Connemann announces the immediate program for the economy!

CDU politician Connemann announces the immediate program for the economy!

Deutschland - CDU politician Gitta Connemann has announced a comprehensive economic immediate program that is intended to support the heavily stricken German economy. According to T-Online , the program will be presented and concentrated on two central topics: Energy costs and the promotion of investments by an investment booster that is intended to enable increased depreciation.

As part of the new coalition agreement between the CDU, CSU and the SPD, it is stipulated that companies from 2025 can claim 30 percent of their equipment investments over a period of three years. This could be crucial to increase the willingness to invest of the companies and to support them in coping with current economic challenges.

overall economic situation

The German economy faces significant challenges. According to an analysis of Süddeutscher Zeitung there are already job cuts in large corporations, and the DAX shows strong fluctuations. In addition, leading economic research institutes drastically reduced their growth forecasts for 2023 from 0.8 percent to only 0.1 percent, which illustrates the urgency of measures to recover.

The key points of the package of measures also include the reform of corporate taxation and tax relief for companies. In particular, a reduction in corporation tax rate is planned from 15 percent to 10 percent, which is to take place over five years from 2028. Despite all efforts, however, it is pointed out that tax relief for wealthy citizens is not in prospect.

lowering energy costs

A central concern of Connemann is the reduction in energy costs. The electricity tax is to be reduced to the European minimum amount of 0.05 cents per kilowatt hour, while at the same time the network charges are to be capped in order to make the energy transition financed. These measures could have a major impact on the competitiveness of the German economy and at the same time reduce energy prices for consumers.

The Federal Association of Energy and Water Management (BDEW) representes similar views and has also emphasized in a position paper how important sustainable investments are to achieve climate and energy goals. According to the BDEW, the conversion of electricity generation requires a total of 320 billion euros, which would secure and create an additional 270,000 jobs. These investments are also of great importance for the construction and mechanical engineering, which makes it clear to the interweaving of the sectors ( Bdew ).

future prospects

Connemann's measures should not only work at short notice, but also set positive impulses in the long term. In the near future, the economy will present an updated economic forecast for 2025 and 2026. It is expected that the German economy will not recover immediately, but a slight improvement in the mood can be determined.