On September 6, within the framework of the Colombian Business Congress (CEC) of the Andihe President of the Congress of the Republic, Efraín Cepedaspoke about the possibility of legislatively sink the new financing law (or tax reform) proposed by the government of President Gustavo Petro.
The official, who assured that the Government must make a cut of $12 billion to the 2025 General National Budget (PGN) projectsaid he has all the necessary votes to “to sink the tax reform next week“.
(Besides: ‘We have enough votes to defeat tax reform’: Congress president).
It is worth mentioning that what Cepeda requested seeks that the PGN project remains at $511 billion, not $523 billion. In addition, the legislative entity has until September 15 to approve the amount of the Budget, which will be the basis for discussing the same financing project.
‘Lift the stone to drop it on your feet’
After Cepeda’s comment, President Petro assured that Sinking the financing bill would be counterproductive for businessesmentioned that the initiative will make the corporate income tax to decrease for the private sector.
(You may be interested in: How much has the Colombian economy grown in the last 6 presidential terms?).
“What a paradox, what the president of Congress says to the Andi is that he has the votes to sink the financing law, which allows all Andi companies to lower their corporate income tax. Lifting the stone to let it fall on the feet“.
(Further: As of September 7, a gallon of diesel fuel will cost $9.856).
It should be remembered that there is already a proposal signed by 30 congressmen to reduce the $12 billion from the Budget.
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