Prime Minister Benjamin Netanyahu is pressing the Finance Ministry to come up with a multi-year plan to lower taxes. The ministry’s top officials met yesterday evening to discuss a plan to reduce income and corporate taxes over the next few years, and the discussions will continue today, according to a report in Haaretz.
Netanyahu instructed Finance Minister Yuval Steinitz and his senior staff that he wants the first stage of the tax reduction plan to start immediately after the Knesset passes the two-year 2009-2010 budget this summer. This means the first round of cuts would begin in August or September. The prime minister, who also holds the title of minister for economic strategy, views the tax cut proposal as one of his most important economic steps, as well as a promise he made to voters in the recent elections.