Israel's Middle Class to Feel the Brunt of Lapid's 'Budget of Hope'

The 2013-2014 budget includes a 1.5 percent increase in come tax rates, a NIS 7 billion cut in government spending for the remaining year and a rise in VAT.

The Finance Ministry released the 290-page 2013-2014 budget on Tuesday, calling it a “a budget of hope.” The most onerous items include a 1.5...