Bundestag - Finance Minister Klingbeil Defends Tax Relief; Criticism from Opposition
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Finance Minister Klingbeil defended tax relief for citizens with low and middle incomes, amounting to ten billion euros over two years. A new top tax rate of 47 percent for incomes over 280,000 euros is intended to ease the burden on the middle class. The opposition criticizes the plans as a burden on high earners and socially unbalanced. The law comes into effect on January 1, 2027.
Source: deutschlandfunk.de
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