German Government Promises $34 Billion in Tax Relief Measures

Germany’s Finance Minister Christian Lindner said the new government is working on tax relief measures of more than 30 billion euros ($34 billion).

“In this legislative period, we will relieve people and medium-sized businesses by well over 30 billion euros,” he told German newspaper Bild am Sonntag. Planned measures include the ability to fully deduct contributions to pension insurance from tax payments, Lindner said.