Knesset Constitution Committee chairman MK Simcha Rothman's (Religious Zionism party) bill which would prevent US citizens from having to make double social security payments passed its first reading today (Wednesday).
"Today we have made one big step on the way to pass and legislate my bill that will eliminate double payments to social security and Bituach Leumi on income from the US," Rothman said. "Unlike treaties that Israel has with various states in Europe, Israel does not have a treaty with the US that prevents citizens from paying double social security - this law will stop this unnecessary injustice."
He added: "With this bill, supported by coalition and opposition - we encourage doctors, lawyers, and anyone who has a business in the US - you'll be able to make Aliya, and still keep your job or business abroad!"
"I know that many Zionists have waited for this day for so long and I'm glad to say that by the time the month is over, this law will be legislated," Rothman concluded.
Many duel US-Israeli citizens pay into social security in both countries, leading to total payments which may reach 30% of their income before other taxes.