CDU’s Kauder Rules Out German Tax Increase, Welt am Sonntag Says
By Tony Czuczka -
2012-07-14T16:13:57Z
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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