Green politicians Franziska Brantner and Katharina Dröge are proposing several relief measures in a so-called crisis action plan. In an eight-page document reported on by “Spiegel” they suggest that families should have the opportunity to purchase a self-occupied property free of real estate transfer tax at least once in their lifetime, in an effort to ease asset accumulation. Conversely, the plan stipulates that a higher real estate transfer tax should apply to all subsequent acquisitions. This proposal is part of a broader set of measures titled “A Crisis Action Plan for Tangible Relief and Long-Term Resilience” which both Green politicians oversee across party factions. The Greens aim to reduce bureaucracy for the economy and lower the electricity levy for households as well as small and medium-sized enterprises, ensuring that this measure does not apply only to large industries. In the tax policy section, the Greens advocate for increased taxation on those with greater wealth. The plan calls for the introduction of a new tax bracket for “very high incomes significantly above today’s top rate but below the wealth tax rate”. According to the document, this new tax bracket would start at 45 percent for a taxable income of €120,000 (or €240,000 for jointly assessed couples) and rise to 48 percent starting at €250,000 (or €500,000 for jointly assessed couples).
Greens Propose Measures to Ease Home Buying Through Crisis Action Plan
