Lapid justifies taxes, budget cuts as 'right thing to do'

May 8, 2013 20:40


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 analysis 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


Finance Minister Yair Lapid on Wednesday night said that, while he understood the anger directed at him, he had no choice but to impose the bevy of new taxes and cuts in the budget in order to prevent Israel’s economy from “collapse.”

"I think there's something legitimate in the anger directed toward me - we're hurting people in the pocket," he said in his first press conference since releasing the budget. “I'm also upset by the situation. I wish I could stand here and say what goodies I was giving out to the nation,” he continued, but "I'm not willing to get to the situation of Greece.”"Everyone wants to fill the deficit but everyone wants someone else to pay for it,” he said. "Responsibility means sometimes doing the unpopular thing because it's the right thing to do."

Lapid conceded that the budget was a blow to the middle class and the working man he made the center of his campaign, but claimed that by taxing the rich, corporations and luxury goods in addition, he had kept his promise.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
April 23, 2019
Sri Lanka bomb attacks were revenge for N.Zealand mosque killings - minister