Struggling Germans hoping for tax cuts are being told not to hold their breath. Ahead of the ruling CDU party’s annual conference, Chancellor Angela Merkel has been given executive backing for her refusal to join other countries in slashing taxes.
The party’s leadership committee said it was unanimous in deciding there was no need to cut taxes until after elections in September next year.
Merkel has been criticised across Europe, and even from within her own conservative party, for not considering immediate tax relief to boost economic growth amid a recession.
The party’s leadership is up for relection at the CDU’s two-day conference, but Merkel is expected to easily retain her position as party president.