French 2013 budget taxes richest, cuts spending

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French PM Jean-Marc Ayrault announces "a combat budget" of tax increases and spending cuts for 2013, with new tax levies on high earners.

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French Prime Minister Jean-Marc Ayrault said Friday that the government's newly unveiled spending plans for 2013 are a "combat budget" that will tackle debt and bring much needed growth to the nation, reports CNN.