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Likud chairman Benjamin Netanyahu claimed today that he will "dramatically" cut personal and corporate taxes if elected. At an annual conference of the Manufacturers Association of Israel, Netanyahu said, "Over the course of four years, we will lower the top personal tax rate from today's 46% to a level of 35%, and we will lower the top corporate tax rate from 27% to only 18%." His comments were met with wild applause. Netanyahu added, "The tax cut will be spread over the entire term, and lead to everyone paying about 20% less than what they pay today".

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