JimBowie1958
Old Fogey
- Sep 25, 2011
- 63,590
- 16,767
This is just unbelievable.
Mexicos new President is willing to put in a tax free zone along the border to reduce illegal immigration to the USA.
This will cost Mexico a lot of tax revenue, and the Dimocrats cant manage to shell out a measely $5 billion, which is chump change in DC budget's.
Mexican president proposes āfree zoneā to attract investment, reduce migration to US
Mexicos new President is willing to put in a tax free zone along the border to reduce illegal immigration to the USA.
This will cost Mexico a lot of tax revenue, and the Dimocrats cant manage to shell out a measely $5 billion, which is chump change in DC budget's.
Mexican president proposes āfree zoneā to attract investment, reduce migration to US
In a bid to reduce migration to the U.S. and attract investment, Mexican President Andres Manuel Lopez Obrador has proposed the creation of economic āfree zonesā along the U.S.-Mexico border.
The Tax Incentive Decree for the Northern Border Region, which Lopez Obrador announced Saturday, would create a free zone that would stretch from the Gulf of Mexico to the Pacific Coast and be more than 15 miles wide, the San Diego Union-Tribune reported.
Inside the zone, income taxes would be reduced by a third and Value Added Taxes on imported goods would be slashed in half, the minimum wage would increase 100 percent, and fuel prices would equal U.S. prices, the report said.
āItās going to be the biggest free zone in the world,ā Lopez Obrador said. āIt is very important to project for winning investment, creating jobs and taking advantage of the economic strength of the United States.ā
The Tax Incentive Decree for the Northern Border Region, which Lopez Obrador announced Saturday, would create a free zone that would stretch from the Gulf of Mexico to the Pacific Coast and be more than 15 miles wide, the San Diego Union-Tribune reported.
Inside the zone, income taxes would be reduced by a third and Value Added Taxes on imported goods would be slashed in half, the minimum wage would increase 100 percent, and fuel prices would equal U.S. prices, the report said.
āItās going to be the biggest free zone in the world,ā Lopez Obrador said. āIt is very important to project for winning investment, creating jobs and taking advantage of the economic strength of the United States.ā