Government unveils plan to slash taxes, lower cost of living

The government announces a NIS 4.4 billion plan to address the rising cost of living, which will include a suite of measures to lower taxes for working families and to lower the price of energy and food staples.

The plan is unveiled at a joint press conference in Jerusalem by Prime Minister Naftali Bennett, Finance Minister Avigdor Liberman and Economy Minister Orna Barbivay.

Bennett promises to lower taxes for middle-class, working families to contribute to society.

The move is announced just a week after public pressure intensified, in response to manufacturers’ plans to raise prices on food and consumer goods, and the government’s intention to raise the price of energy and gasoline, the latter of which has been enacted.