Read My Lips: Some New Taxes

Yes, the corporate tax rates paid by big international companies here are too low. But when hiking them, Israel must exercise extreme caution, because it won't take much to send them packing for good.

For years I wrote of my opposition to the law encouraging capital investments. I argued that it benefits the wealthy and raises taxes for everyone else. I said it distorts economic activity, hurts employment and growth, and levied out other such criticisms.