MIL OSI Translation. Region: Germany / Deutschland –
Source: DGB – Bundesvorstand 11/12/2020 Tax estimate “Anyone who sings the old song about“ tightening their belts ”is acting negligently” Today the results of the tax estimate are published. In the run-up, DGB board member Stefan Körzell warns of a consolidation course and calls for greater support from the municipalities: “The federal government will have to continue to support the economy with additional expenditure. Then there is the enormous need for public investment. “
Stefan Körzell, DGB board member: “Even in the medium term, a decline in tax revenue must not lead to spending cuts. Anyone who sings the old song about ‘belt tight buckles’ is acting negligently. The opposite is true: the federal government will have to continue to support the economy with additional expenditure. Added to this is the enormous need for public investment. It will be important to suspend the debt brake in 2022 and to extend the repayment of corona debts over many decades.At the same time, a fair tax system is finally needed that relieves the low-income and makes the wealthy more accountable. This includes reintroducing the wealth tax and finally levying an effective inheritance tax. If you want to distribute the costs of the crisis fairly – and it is important to strengthen social cohesion – you have to start with the tax issue. The municipalities, which suffer particularly from low trade tax revenues, will also receive additional short-term support from the federal government and Countries need. In the medium term, an old debt repayment fund is needed with which the federal government, states, cities and municipalities jointly support the relief of highly indebted municipalities. “
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.