Netanyahu Breaks With Romney, Cuts Spending But Increases Taxes

Netanyahu Breaks With Romney, Cuts Spending But Increases Taxes: "Netanyahu, facing a budget deficit between five and six percent of GDP, executed across-the-board spending cuts, and raised a host of taxes and fees. The new measures, approved on Monday, will lower the deficit by 14.4 billion shekels ($2.56 million) to three percent of GDP — the government's target for the year.
The country's value added tax will immediately increase from 16 percent to 17 percent, Reuters reported. Additionally:"

'via Blog this'