Scholz for massive industry investment, slams other parties

(de-news.net) – Federal Chancellor Olaf Scholz inaugurated the SPD’s election campaign at the ‘Victory Conference,’ where he criticized both the FDP and the Greens while addressing various political issues. He condemned the Union for its purported lack of modernization and infrastructure expansion plans, labeling proposals such as dismantling wind turbines and reverting to nuclear power as irresponsible and economically inept. Scholz characterized the Union’s candidate Merz’s policies as regressive, citing examples in immigration, women’s and civil rights, pensions, wages, and healthcare. Conversely, he depicted the Greens as proponents of overregulation and state paternalism. In front of 500 constituency candidates and their teams, Scholz positioned the SPD as the centrist force in Germany and accused the FDP and its leader Lindner of systematically undermining the government’s efforts.

The Chancellor underscored the necessity for substantial investments in infrastructure, the economy, industry, and employment to ensure Germany’s resilience and future preparedness. Scholz also emphasized the significance of reliable pensions, affordable housing, and accessible healthcare and nursing services. Specifically, he proposed a €100 billion ‘Germany Fund’ for future investments, a 10% tax rebate for companies, a reform of the debt brake to facilitate greater investment in national security and modernization, and an industrial electricity price package to cap grid fees and ensure competitive energy prices for the industry. Scholz pledged a minimum wage of €15 by 2026, tax reductions for 95% of incomes, a family package including increased child benefits and securing the Germany ticket, and the extension of the rent control mechanism. He argued that higher taxes on top earners would provide necessary relief.

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