•   
  •   

Money Bundestag and Bundesrat approve stimulus package

07:50  29 june  2020
07:50  29 june  2020 Source:   pressfrom.com

Bundestag starts debate on central parts of the Corona stimulus package

 Bundestag starts debate on central parts of the Corona stimulus package © Tobias SCHWARZ Central parts of the stimulus package to overcome the Corona crisis are on the agenda for the first time in the Bundestag on Friday. These include the temporary reduction in VAT, the child bonus and the planned supplementary budget. The Bundestag began on Friday to discuss the economic stimulus package to overcome the Corona crisis. In particular, it concerns the temporary reduction in VAT, the child bonus of 300 euros and further relief for companies.

But whatever a second stimulus package might include, President Donald Trump thinks another summer bailout for individuals and Congress hasn't set a date for a vote on a second stimulus package , but Senate Majority Leader Mitch McConnell says he hasn't wavered from his July projection.

The Bundesrat upper house has also approved the multi-billion pound rescue package . Germany is the largest contributor to the EU package . The money is to be provided by the state-owned KfW bank. The COVID-19 economic stimulus package is on its way — what form it will take is unclear.

Bundestag and Bundesrat want to pass the stimulus package in special sessions to boost consumption and the economy in the Corona crisis.

Aus Sicht der FDP wird die Mehrwertsteuersenkung den in der Corona-Krise eingebrochenen Konsum nicht nachhaltig ankurbeln. © Photo: Christophe Gateau / dpa From the point of view of the FDP, the reduction in value added tax will not sustainably boost the consumption that plummeted in the Corona crisis.

In particular, it includes the reduction in VAT from 19 to 16 percent, which is limited until the end of the year, and the bonus of EUR 300 for every child entitled to child benefit. The reduced VAT of 7 percent is to be reduced to 5 percent by the end of the year.

Other relief or improvements relate to the relief amount for single parents, the tax loss carry-back, the taxation of private use of company cars and the tax research allowance.

report: Bundestag administration asks Amthor about lobbying for

 report: Bundestag administration asks Amthor about lobbying for © Odd Andersen According to a newspaper report, the Bundestag administration asked CDU MP Philipp Amthor for more information about lobbying for a US company. The administration therefore asks about possible trips at the company's expense. According to a newspaper report, the Bundestag administration asked CDU MP Philipp Amthor for further information about his lobbying activities for a US company.

The German parliament Bundestag approved a new package of immigration legislation which officially BERLIN (Sputnik) — The German parliament Bundestag voted on Thursday to approve a The new package will be considered by the Bundesrat on Friday. "We have to make easier

The bill was approved by the House by a 388-5 margin. It previously passed the Senate by a voice vote, and now awaits President Donald Trump's signature. NOW PLAYING: Food News. 0B stimulus package heads to President's desk.

First of all, the Bundestag will meet in the morning to finally advise and pass the so-called second Corona Tax Assistance Act. If this has happened, the Federal Council will deal with it in the afternoon.

The Land Chamber also wants to advise on the second supplementary budget, which is necessary to finance the stimulus package. It provides for an increase in new debt by a further EUR 62.5 billion to a total of around EUR 218.5 billion. A federal government has never raised so many new debts.

The special sessions are necessary so that the VAT reduction can take effect on July 1st.

From the FDP's point of view, the VAT cut will not sustainably boost the consumption that slipped in the Corona crisis. The government is betting on the principle of hope here, said the first parliamentary managing director of the FDP parliamentary group, Marco Buschmann, of the German Press Agency in Berlin. "It would have been better to put the 20 billion euros in a permanent relief for people and companies, for example by completely abolishing the solos or the so-called middle class belly."

Sculpture by Tony Cragg erected on the Bundestag

 Sculpture by Tony Cragg erected on the Bundestag The Bundestag has another work of art that is visible from the outside. On Tuesday, the biomorph-abstract bronze sculpture «Werdendes» by British artist Tony Cragg was placed on the city loggia of the Marie-Elisabeth-Lüders-Haus. © Photo: Sven Braun / dpa The six-meter-high bronze sculpture by Tony Cragg on the city loggia of the Marie-Elisabeth-Lüders-Haus. The six-meter-high, gold-colored work seems to screw up like a column from irregularly overlapping, melting ovals.

Congress approves 4 billion coronavirus relief package .

The House of Representatives voted on Thursday to approve replenishing the fourth round of stimulus funds amid the spread of COVID-19. The bill was approved by the House by a 388-5 margin. It previously passed the Senate by a voice vote, and now awaits President Donald Trump's signature.

Instead, a straw fire is lit, which acts like a tax increase at the turn of the year, said Buschmann. «The consumption and enthusiasm of the people will be very limited. The retailers also benefit only to a limited extent because they have to re-mark all prices at short notice and have to change their cash registers. » The reduction in VAT is therefore above all an expensive bureaucracy and will not ensure the necessary restart in Germany.

Federal Finance Minister Olaf Scholz, on the other hand, expects the consumption tax to rise as consumer spending increases. "We are improving the purchasing power of citizens," explained the SPD politician when the Bundestag first discussed the economic stimulus package. The tax reduction should convince those who want to defer purchases because of the crisis. The financial expert on the left, Fabio de Masi, also doubted that this would succeed. He called the package "sparkler that burns up quickly".

lobbying affair: Philipp Amthor withdraws candidacy for CDU country presidency .
© dpa CDU politician Philipp Amthor The controversial part-time job for a US IT company has temporarily stopped the rapid party career of Bundestag member Philipp Amthor. The 27-year-old CDU young star surprisingly withdrew his candidacy for the presidency of his party on Friday evening. "I have always said that when in doubt, you have to be prepared to put personal goals aside and put them behind the good of the party," said Amthor after a meeting of the CDU state executive in Güstrow.

—   Share news in the SOC. Networks
usr: 3
This is interesting!