Kahlon unveils plan to increase government subsidies

Finance Minister Moshe Kahlon announces a new program that will increase government subsidies for childcare, give additional tax credits to working parents and cancel taxes on baby clothes.

Kahlon says the Net Family Plan will funnel NIS 4 billion (just over $1 billion) to working Israeli families.

According to reports, Kahlon unveiled the plan at a last-minute press conference in order to preempt Prime Minister Benjamin Netanyahu’s announcement of the plan.

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