Supply Side Policies in Germany
1. Corporate tax cut: In Germany a corporate tax cut was proposed following tax cuts in other countries such as the US and Britain. German minister Altmaier says that the tax cut is necessary to protect workers, and encourage innovation. The money for the tax cut would be made up using about half of the money gained from the increase in tax revenues. The argument for this tax cut is that it would help corporations and workers. The argument against would be that it would take too much money out of tax revenues for the government “German Minister Looks to Tax Cuts as Economy Contracts.” Reuters , Thomson Reuters, 17 Nov. 2018, uk.reuters.com/article/uk-germany-economy/german-minister-looks-to-tax-cuts-as-economy-contracts-idUKKCN1NM0QO. 2. Increase in Education Investment: Over the pat few years Germany has been increasing its spending on education more and more each year. In 2017, they increased their investment by 3.5% more than the previous year. Germany is most likely doing this ...