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German FDP’s Kubicki Urges Higher Income Tax, Tagesspiegel Says

March 21 (Bloomberg) -- Wolfgang Kubicki, the Free Democratic Party’s candidate to stand for premier of the German state of Schleswig-Holstein, said the country’s top income tax rate should be increased to 49 percent from 45 percent, Der Tagesspiegel reported, citing an interview.

Kubicki said the government should use the additional revenue to lower the burden on workers whose wages have been pushed into higher tax brackets by inflation without increasing their purchasing power, a situation known as bracket creep, the Berlin-based newspaper said.

Schleswig-Holstein holds elections on May 6. The Free Democrats are Chancellor Angela Merkel’s junior coalition partner at the national level.

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

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

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