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Knesset Rejects Smotrich's $150 VAT Exemption Proposal

2/24/2026

25 3 Full Breakdown

Summary

Story summary

Finance Minister Bezalel Smotrich proposed doubling the VAT exemption ceiling on personal imports to $150.
The Knesset rejected the proposal by a 59-25 vote.
Opposition and some members of Prime Minister Benjamin Netanyahu's Likud Party opposed the measure, saying it would harm local businesses.
Smotrich vowed to continue pursuing the measure, determined to reduce the cost of living.
Critics argued the focus should be on housing and food costs.

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Story summary

Finance Minister Bezalel Smotrich proposed doubling the VAT exemption ceiling on personal imports to $150.
The Knesset rejected the proposal by a 59-25 vote.
Opposition and some members of Prime Minister Benjamin Netanyahu's Likud Party opposed the measure, saying it would harm local businesses.
Smotrich vowed to continue pursuing the measure, determined to reduce the cost of living.
Critics argued the focus should be on housing and food costs.