Breaking
CNPreparations for the 48th WorldSkills Competition Shanghai have entered the sprint stage. Materials for 64 events have arrived and venue debugging is in progress.RUHashim Thaci sentenced to 25 years for war crimes, sparks protests in Kosovo and NetherlandsINTLTrump threatens tariffs on EU if Canada becomes associate memberCNThe Federal Reserve raised interest rates by 0.25 percentage points to 3.75%-4%, the first increase since 2023ITTokyo stock market rises thanks to technology, yen stable against dollarARPictures show extensive damage to American bases in the Arab region as a result of Iranian strikesCNThe Fed's interest rate hike is implemented. Legal analysis of the impact on stocks and bonds and the outlook for Taiwan stocksCNTokyo offers port upgrades to boost maritime security, but analysts say Jakarta is being pragmatic, not taking sides against BeijingDEOpenAI Announces New AI Incidents: Model Attempts to Cheat and Invent DataBRMárcio Victor cries when he discovers Psirico's nomination for the Latin Grammy 2026CNPreparations for the 48th WorldSkills Competition Shanghai have entered the sprint stage. Materials for 64 events have arrived and venue debugging is in progress.RUHashim Thaci sentenced to 25 years for war crimes, sparks protests in Kosovo and NetherlandsINTLTrump threatens tariffs on EU if Canada becomes associate memberCNThe Federal Reserve raised interest rates by 0.25 percentage points to 3.75%-4%, the first increase since 2023ITTokyo stock market rises thanks to technology, yen stable against dollarARPictures show extensive damage to American bases in the Arab region as a result of Iranian strikesCNThe Fed's interest rate hike is implemented. Legal analysis of the impact on stocks and bonds and the outlook for Taiwan stocksCNTokyo offers port upgrades to boost maritime security, but analysts say Jakarta is being pragmatic, not taking sides against BeijingDEOpenAI Announces New AI Incidents: Model Attempts to Cheat and Invent DataBRMárcio Victor cries when he discovers Psirico's nomination for the Latin Grammy 2026
BackThe Left is demanding 470 euros in energy aid per citizen through excess profits tax
The Left is demanding 470 euros in energy aid per citizen through excess profits tax
Developing
Die Welt49 minutes agoPolitics1 min readGermanyView original

The Left is demanding 470 euros in energy aid per citizen through excess profits tax

Quick Look

  • In an action plan, the Left in the Bundestag is calling for 470 euros in energy aid per citizen, consisting of 320 euros in climate money and 150 euros in energy crisis money, financed by an excess profits tax of 50 percent on large international corporations.
  • The parliamentary group leader Heidi Reichinnek criticized Friedrich Merz for his fuel price announcement before state elections as election tactics and without a concrete proposal.

AI-generated summary

Why It Matters

Energy prices have been high in Germany for months, and fuel prices in particular are putting a strain on citizens. The Left is reacting with an action plan to provide relief.

Font size

In an action plan with measures against rising energy prices, the Left in the Bundestag is calling for aid of 470 euros for citizens. “In addition to annual climate money of around 320 euros, we demand that energy crisis money of 150 euros be paid out to all citizens as quickly as possible,” says the paper, which is available to the Editorial Network Germany (RND).

"This would immediately alleviate the greatest hardship. The payment should be counted as additional income in the tax return. Those who have the least and are not taxable would benefit the most." The expenses should be counter-financed by an excess profits tax, it goes on to say - with an increased tax rate of 50 percent.

The parliamentary group leader Heidi Reichinnek told the RND: "The fact that Friedrich Merz announced, just before two important state elections, that he wanted to do something about the high fuel prices shows one thing very clearly: he is not concerned about the people who have been suffering from fuel prices for months, but about the election result of his party and ultimately about his own skin."

Reichinnek also criticized the fact that Merz did not present a “concrete proposal”, “but instead started a happy debate within the coalition, which, as usual in the Merz government, was carried out through the public”. This makes it clear how far the Chancellor is “from people’s everyday concerns.” She emphasized: “There must finally be an end to large international corporations exploiting people and enriching themselves from state budgets.” If their profits remain untouched, there will be no real relief for the majority.

What to Watch

AI outlook — possibilities, not facts

  • The excess profits tax is being discussed controversially in the Bundestag and will probably be rejected by the coalition.

    Likely · Within weeks

  • The Left will give its demands more emphasis in the upcoming state elections.

    Very likely · Within weeks

Open Questions

  • What would be the total revenue from the proposed excess profits tax?
  • Which companies exactly would be affected by the excess profits tax?
  • How would the payment of the energy crisis money be technically processed?
  • Are there counter-proposals from other parties to combat energy prices?

Related Topics

This article was originally published by Die Welt.

Related Stories

Berlin election campaign: CDU accuses the left of inadequate fight against anti-Semitism
BREAKING·

Berlin election campaign: CDU accuses the left of inadequate fight against anti-Semitism

The Berlin CDU top candidate Stefan Evers accuses the left-wing top candidate Elif Eralp of not taking decisive enough action against anti-Semitism in her party. Eralp emphasizes her support for Israel's right to exist and the protection of Muslim women in Berlin. A rapper is said to have sung anti-Semitic songs at a left-wing event. BSW candidate Michael Lüders was vague about Israel's right to exist. A new state parliament will be elected in Berlin and Mecklenburg-Western Pomerania on Sunday.

Die Welt
1 min read
The SPD media commission accuses the Minister of State for Culture of helping the AfD in the election campaign
Developing·

The SPD media commission accuses the Minister of State for Culture of helping the AfD in the election campaign

Heike Raab, chairwoman of the SPD media commission, criticizes Minister of State for Culture Wolfram Weimer for indirectly helping the AfD through his reform proposals for public broadcasting. She accuses him of sparking a false debate four days before the state elections. The state government of Rhineland-Palatinate calls Weimer's demands a stimulus for debate, while Media State Secretary Torsten Welling explains that his statements play no role in the work of the Broadcasting Commission.

Handelsblatt
1 min read
More on this topicleft