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This is one of the most egregious examples of information suppressed by MSM that I've seen in many months.
Israel has been collecting monthly tax and customs receipts and giving these funds to the Palestinians, on condition that the Palestinians abide by specific agreements -- agreements which they have now abrogated:
"The transfer of the money, which has been routine, is part of the accords signed between Israel and the PA [Palestinian Authority], part of the Oslo Agreement and the Paris Protocol," said [Israeli spokesman] Mark Regev. "Now Hamas, the new incoming leadership on the Palestinian side, say they reject all those agreements - from their point of view those agreements are null and void. So they cannot have it both ways. They cannot say they are against all these agreements and then, at the same time, expect Israel to keep the part of the agreement they want, which is the transfer of funds."
A review of the Oslo Agreement confirms that the transfer of these funds from Israel to the Palestinians is indeed part of the Oslo Agreement. The full text of the Oslo Agreement is available here. The Paris Protocol is included in the Oslo Agreement as Annex 5. One relevant passage from the Paris Protocol reads:
4. Israel will transfer to the Palestinian Authority a sum equal to:
- 75% of the income taxes collected from Palestinians from the Gaza Strip and the Jericho Area employed in Israel.
- The full amount of income taxes collected from Palestinians from the Gaza Strip and Jericho Area employed in the settlements.
MSM is hiding this information from the public so that it can support the terrorists. The NY TIMES says nothing of the agreements abrogated by Hamastan on which the financial transfers depend, and actually says the funds are still "due to" the Palestinians, implying that there has been no such abrogation. It refers to Israel's action merely as a "penalty:"
JERUSALEM, Feb. 19 - The Israeli cabinet decided Sunday to immediately freeze the transfer of about $50 million a month in tax and customs receipts due to the Palestinian Authority, arguing that the swearing in of a Hamas-dominated legislature on Saturday meant that the Palestinians were now led by the militant group.
"It is clear that in the light of the Hamas majority in the parliament and the instructions to form a new government that were given to the head of Hamas, the Palestinian Authority is in practice becoming a terrorist authority," Ehud Olmert, the acting prime minister, told his cabinet. "The state of Israel will not agree to this."
Although the cabinet decided to hold back on other penalties it had been considering...
The BBC also describes the funds as being "due to" Hamas, and calls Israel's action "sanctions":
Israel to impose Hamas sanctions
Israel's cabinet has approved punitive sanctions on the Palestinian Authority, now dominated by militant group Hamas.
Israel will withhold an estimated $50m (£28m) in monthly customs revenues due to the PA, as well as impose travel restrictions on Hamas members.
No reader of either account would be aware that Hamas had abrogated its side of the agreement under which the transfer of money was due.
MSM cannot be trusted as a source of information.