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      Archive: 7/18/2013

      News Brief

        7/18/2013, Av 11, 5773

      Finance C'tee OKs Arrangements; Avoids Some Decrees

      The Knesset Finance Committee approved, Thursday evening, the Financial Arrangements Law that will accompany the 2013-2014 budget. Committee Chairman Nissan Slomianski said the committee prevented a serious blow to the middle class and weaker sectors.

      This included cancellation of what was called the "housewife tax", as well as a levy on home improvements.  Instead of an across-the-board income-tax hike, the increase was graded between  one and two percent, depending on one's monthly income. Cuts in child support were less than originally planned.