As Friedrich Merz prepares to take office as chancellor on May 6th, he raises concerns over potential income tax cuts for small and medium incomes. Despite a coalition agreement indicating income tax reductions, Merz admits that worker anxieties about potential financial losses are valid. With the new government aiming to quickly enact legislation before summer recess, including tighter border controls, the political landscape is bubbling with expectations, especially as preparations for the forthcoming Bundestag elections are underway, contingent on final coalition approvals from the CDU and SPD.
"Workers' fears that they will end up with less money at the end of his term were certainly not unfounded from today's perspective," he told Bild am Sonntag.
"We will reduce income tax for small and medium incomes halfway through the legislative period," according to the coalition agreement.
CDU leader Friedrich Merz is expected to be elected chancellor on May 6th, with ministers' swearing in likely to occur the same day.
The Bavarian CSU voted to approve the coalition agreement last week, despite ongoing concerns about income tax cuts among workers.
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