The Union is set to introduce significant financial changes, focusing on tax cuts, retirement policies, and migration reforms. Their plan includes lowering taxes on income, wealth, and pensions, with a flattening of the income tax rate and the removal of the solidarity surcharge. They propose increasing allowances for first-time property buyers and inheritance tax exemptions, alongside tax-free bonuses for overtime work. The Union opposes a wealth tax and plans to support wealth accumulation through bonuses.
In retirement policy, the Union rejects pension cuts, instead proposing an active retirement scheme and a state-backed retirement savings account for children. These measures are designed to alleviate financial pressures in various sectors, including gastronomy and energy, with adjustments of income tax rates to account for inflation.
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CDU has unveiled a plan to simplify tax obligations for retirees. This involves eliminating the requirement for tax declarations and introducing a pension deduction tax, relieving financial offices. Critics argue this may be a hidden tax increase, but supporters believe it will reduce administrative burdens.
The Union also plans to cap corporate taxes at 25%, cut electricity taxes, and maintain the debt brake and retirement age. They advocate for reduced social benefits for refugees and a stricter asylum policy. The overarching goal is to provide financial relief while maintaining fiscal responsibility, all within the framework of a broader election strategy that seeks to reverse certain policies of the current government coalition.
