Federal politics: Cabinet approves 17 cents less tax on fuel
Union's economic wing calls for implementation of reforms by winter +++ CSU demands rapid ban on real estate expropriations +++ Chancellor change would be extremely damaging according to Laschet +++ The Newsblog.
The German cabinet has decided to reduce the tax on petrol by 17 cents. This move comes in response to the left's victory in Berlin and the need to address the privatization of large residential property holdings. CSU General Secretary Martin Huber criticized the left's plans, saying they are "ruining the housing market and are accompanied by enormous costs."
He argued that these socialist schemes prevent the creation of new homes and hinder necessary private investments. The Union and SPD coalition leaders in the Bund government had agreed in July to regulate the nationalization of private residential property through socialization laws at the state level. However, little progress has been made, and business associations have criticized the lack of action. Chancellor Friedrich Merz now intends to push forward with the law proposals.
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