Mega-project approved by Chamber of Deputies

[MilHojas]

Lower House lawmakers back Fernández's economic emergency bill

After a marathon session, lawmakers in the Chamber of Deputies voted this morning to approve President Alberto Fernández's economic emergency legislative project, sending the legislation to the Senate.

www.batimes.com.ar

And likely to pass the Senate as well.

 

[MilHojas]

Fernández's economic emergency law wins approval in Senate

Sweeping legislative package will include imposing tax increases on sectors of the upper and middle classes, as well as providing tax incentives for production and tax benefits to the most impoverished.

www.batimes.com.ar

 

[lunar]

Since we are in economic emergency state now, what should we expect next?

Closing dollar accounts with forced conversion to peso at the official rate?
Government raiding safe deposit boxes for dollars?

 

[lamarque]

well with the current law package is more than enought, they now control 60% of the expending that constitute the pensions. So they have full control of the spending account. This Mega project is terrible, is basically handling all the power to one person, and the control over the single biggest item of spending on the national budged. They passed the responsibility of paying for what the politicians do to the private sector.

 

[Pierre Smith]

Obviously, this development is not pleasing to me.

However, it's consistent with my pet theory that Fernandez will make moves to sideline Cristina, and govern as a technocrat. Hopefully, the taxes are quickly revealed to be majorly harmful, and then rescinded.