The President of Argentina will insist on a mega deregulatory law for fiscal purposes.

President Javier Milei will once again insist before Congress to achieve the approval of the complete law. However, there will be a change as the initiative will include “an improvement in the fourth chapter”, referring to the fiscal part.

With the intention of reaching an agreement, it is not ruled out that this package will include the increase in the Income Tax that governors demand to improve their tax revenues.

The Government, at the time, in exchange for the approval of the “Base Law”, had offered to take the decision to raise Income Taxes and thus alleviate provincial finances.

The Executive aims to maintain the spirit of the initially proposed reforms, advancing beyond the agreements reached before the legislative treatment of the omnibus law was frustrated. The sending of separate projects, as speculated at the time, is ruled out.

The last project will also include this aspects:

1. Abolish privileged pensions for the president and vice president.
2. Require unions to elect their authorities through periodic free elections supervised by the Electoral Justice, limiting mandates to 4 years and establishing a maximum of one possible reelection.
3. Drastically reduce the number of contracts for advisers of deputies and senators of the Nation.
4. Deduct the workday from State employees who go on strike.
5. Eliminate public funding for political parties.

It should be noted that, as stated in the president’s speech during the opening of the regular sessions of Congress, the approval of the base law is the condition set by the Executive to subsequently progress in the signing of the 10 points launched by Milei in what he called the May Agreement.