New agreement cancels, moderates some tax hikes in budget

Finance Minister Yair Lapid came to an agreement on Wednesday with Knesset Finance Committee chairman Nissan Slomiansky cancelling or moderating some of the tax hikes in the new budget.
The agreement includes the cancelation of the proposed housewife tax, as well as raising the income tax by only 1% for people earning under NIS 14,000 a month, instead of a 1.5% tax hike across the board.
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