ISRAEL HALTS TAX TRANSFERS TO FATAH

It's already been reported a few days ago about how Fatah and Hamas have formed a pact. Following this, the Israeli government has wisely brought money transfers to them to a halt:

Israel has suspended the transfer of tax revenue to the Palestinian Authority in response to its alliance with Hamas, Yedioth Ahronoth reported Sunday.

Finance Minister Yuval Steinitz has apparently cancelled the latest routine handover of some NIS 300 million (approx. $88 million) in customs funds and other levies collected on behalf of the Palestinians, as stipulated in the Oslo Accords.

Israel said last week that it would impose sanctions in response to Palestinian President Mahmoud Abbas' surprise announcement of a unity deal with Hamas.

Palestinian Prime Minister Salam Fayyad said that Israel's decision will not impede the unity deal between the Palestinian factions.

They didn't deserve the money anyway; it was socialism from the start. The money should be reserved for Israel's own security and development, not for terrorists.