BREAKING NEWS

Steinitz: We take protesters more seriously than any gov't

By JPOST.COM STAFF

OCTOBER 30, 2011 18:06

Israel takes the social protests more seriously than any other government in the world, Finance Minister Yuval Steinitz told Army Radio Sunday night.

Steinitz cited tax measures from the Trajtenberg report passed at a special cabinet meeting in Safed Sunday morning, which include increased taxes on the wealthy, higher capital gains taxes, the removal of energy taxes and the provision of tax credits for parents of young children.

Steinitz went on to say that such measures would not have been possible had Israel not protected the fundamental tenets of its economy, and warned that economic tumult abroad can still affect the economy it in the future.

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