BREAKING NEWS

PM faces wide criticism for expected cuts, raising VAT

By JPOST.COM STAFF

JULY 25, 2012 09:33

Politicians from across the political spectrum on Wednesday criticized Prime Minister Binyamin Netanyahu's announcement Tuesday night that he would be raising the value added tax one percent and making wide-ranging budget cuts.

Labor leader Shelly Yechimovich in an interview with Army Radio on Wednesday attacked Netanyahu, stating "why did you take from the poor what you could take from the rich?"

Yechimovich added that the overall effect of the expected billions of shekels of cuts would be "to bring the middle class to its knees," according to the report.

The Labor leader said that the cuts would mean "less health, less education, internal security. This means that the average citizen will need to pay out of his pocket [even more] for what he is meant to be receiving for having paid his taxes," the report said.

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