December 5, 2013
Radical Party says income tax reform 'electoral patch'
Just passed by the Lower House, the government-sponsored income tax reform has already received criticism by opposition blocs. Radical Party MPs considered it only an “electoral, opportunistic and demagogic patch.”
Having voted against the rise of the income tax floor recently submitted to Congress by President Cristina Fernández de Kirchner, the Radical Party (RP) proposed instead a “comprehensive reform” that sets adjustments every six months following inflation trends.
“As part of the diverse and incoherent government reactions facing the PASO primaries results, they seek for electoral yield through short-term, pompous measures,” head of the RP Mario Barletta affirmed in a statement released to the press and called for tax benefits for small and medium companies that allow them to reinvest profits.
In a 139-91 vote, the Lower House passed the bill yesterday paving the way for the project to be discussed by the Senate next week.