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SPD wants to raise investment and apply tax breaks if it wins the election

The German Social Democratic Party (SPD) pledged today to raise public investment by 30 billion euros a year if it wins the September elections, as well as tax breaks for The lowest income and a 45% tax on the highest.

Berlin, June 19 (EFE) .- The German Social Democratic Party (SPD) today promised to raise public investment by 30 billion euros a year if it wins the September elections, as well As tax breaks for lower incomes and a 45% tax on the highest.

The SPD candidate for the Chancellery, Martin Schulz, presented his tax plan in Berlin today For the next legislature in which "public investment" is given "priority" and the tax system is slightly touched on both ends to argue, to improve "justice" Fiscal ".

This proposal is the" combination of investments, on the one hand, and more tax justice, on the other, by tax discharges for low- and middle-income people ", Said Schulz, who spoke of "thinking about the future of our country" and not simply "managing the present".

The 30,000 million euros per year for investments will go towards improvements Education and infrastructures (transport and digital) and will be obtained by updating the budgets and increasing the anticipated collection.

In addition, the SPD estimates that Families and people with a low income of a total of 15,000 million euros, thanks to the progressive elimination of childcare costs (which The 6 years) and the solidarity tax for those who enter less than 52,000 euros per year.

In parallel, the highest part, 42%, will be delayed from 54,000 euros per year to The 60,000, and an extra tranche of 45% will be added for those who earn more than 76,200 euros a year.

"This proposal is not only good for Germany, it is also good for Europe", he assured Schulz, echoing those who have urged Berlin to invest more in order to help boost growth through increased demand throughout the European Union.

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