Finance Minister Moshe Kahlon won his battle in the Knesset plenum on Wednesday, a week after the cabinet approved the legislation: Israeli lawmakers unanimously approved his plan to increase tax credit points for working parents.
“The Knesset today says in a clear voice to the working citizen that it also knows how to give, not just take,” Kahlon said Wednesday night in a statement. “It tells working citizens, ‘You sent us to represent you and we are working for you.’”
Parents of children ages six and below will benefit the most from the “Net Family” plan, as it is called.
The measure calls for subsidies for after-school activities, reduced taxes on baby clothes, shoes, and mobile phones. It also calls for expansion of work grants as well as extra tax points.
The law takes effect retroactively to January 1, 2017.
