German Finance Minister Jörg Kukies Rules Out Tax Relief in 2024
German Finance Minister Jörg Kukies announced that tax relief and increased child benefits proposed by the coalition government are unlikely to be approved in 2024. He cited a lack of time and parliamentary majority following the breakdown of the coalition. Kukies indicated that any potential legislation would require support from the Free Democratic Party (FDP) or the Christian Democratic Union (CDU), as the remaining coalition partners, SPD and Greens, lack sufficient votes. A legislative proposal could potentially be retroactively applied if passed later.