Knesset approves tax increases, spending cut in 1st reading

By JPOST.COM STAFF
August 6, 2012 16:20

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

The Knesset passed the "shrinking the deficit bill" in its preliminary reading on Monday, which comprises a package of tax increases and spending cuts.

Forty MKs voted in favor of the bill, while 27 opposed it.

Earlier Monday the government scaled back the extent of its tax hikes, deciding on a 1% increase for those making over NIS 14,000, instead of those earning over NIS 9,000, as was previously announced, Israel Radio reported.

Related Content

Breaking news
August 20, 2018
India's Modi calls for talks with Pakistan in letter to new PM Khan

By REUTERS