The government plans to raise next year by 1% the income tax for those with an income of more than 5,000 shekels, Kol Yisrael radio reported on Friday.

According to the report, this measure is expected to be included in the package of economic measures which will be submitted for Cabinet approval on Monday.

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(Arutz Sheva’s North American Desk is keeping you updated until the start of Shabbat in New York. The time posted automatically on all Arutz Sheva articles, however, is Israeli time.)