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CDU’s Kauder Rules Out German Tax Increase, Welt am Sonntag Says

Volker Kauder, the parliamentary leader of Chancellor Angela Merkel’s Christian Democrats, said his party bloc won’t raise German taxes to pay for euro-area sovereign rescues, Welt am Sonntag said, citing an interview.

Kauder was reacting to a proposal by the Berlin-based DIW economic institute to boost revenue with a levy on individual personal wealth of more than 250,000 euros ($306,000), including the possibility of forcing taxpayers to buy German government bonds, the newspaper said today.

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net

To contact the editors responsible for this story: James Hertling at jhertling@bloomberg.net; Dick Schumacher at dschumacher@bloomberg.net

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