MercoPress. South Atlantic News Agency
Macri manages to neutralize labor unrest with accord on income tax floor
The Argentine government managed on Monday a great breathing space after reaching an understanding with labor unions on income tax cuts which threatened to derail relations with organized labor, and now also ensure a peaceful end of the year holidays. During the morning and while negotiations were ongoing, transport unions showed their muscle paralyzing flights, trains, buses and subways, in the main cities of the country. Read full article
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Disclaimer & comment rulesInteresting story.
Dec 21st, 2016 - 07:25 pm - Link - Report abuse 0“Macri manages to neutralize unrest.”
What really happened is, Macri backtracked on plans to significantly increase the number of those paying income tax, and a mid-way agreement was reached--after the transport union stopped work early morning.
“During the Kirchner years and with rampant inflation...”
During the last year of CFK government it was just over 20 per cent.
How's Macri been doing during his first year of presidency?
“With inflation in a decreasing tendency, but still in the range of 40%...”
What about fiscal prudence?
“Macri...has launched sweeping reforms to balance the budget.”
Not at all. Macri is just keeping the expenses high--hence the deficit--and unlike the CFK government, is ballooning Argentina's foreign debt at record speeds.
And what's the result?
“Seven in 10 Argentines are worried about the economy, and a growing number think Macri has failed to deliver on his campaign pledges...”
Merry Christmas everybody.
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