Government confirms Lapid's bid to cancel planned income tax hike
The government has confirmed the proposal of Finance Minister Yair Lapid to cancel the hike in income tax rates. Lapid – who initially suggested the hike – decided to back down from the idea after new estimates revealed the government's expenditures shrunk by NIS 1.3 billion (roughly $370,582,000).
According to the new estimates, the growth will rise to 3.6% and the deficit will stand at NIS 31.4 billion (roughly $8.95 million)
