Parliament approves tax cuts

The lower house of Parliament has approved a series of tax cuts which will primarily benefit people whose monthly income is below 30 thousand crowns. The bill was approved unanimously, although the opposition Civic Democrats criticized the ruling coalition for not effecting tax cuts which would benefit higher income groups as well. Finance minister Bohuslav Sobotka said the measure would affect 90 percent of all tax payers and would reduce income into state coffers by an estimated ten billion crowns. Approximately four million people who make under 30 thousand crowns a month would save around four thousand crowns per year, higher income groups are expected to save less money. The bill has yet to be approved by the Senate.