It is already in the Congress a new version of the omnibus bill. The paradox is that although a president has never had so little parliamentary power, at the same time, and if the law is passed, no president will have had so many superpowers granted to make Argentina liberal.
bring some modifications requested by the opposition blocs that still retain the idea of accompanying the law. And although it could be inferred that the changes have improved it in its plurality, It maintains in its matrix the same aggressive intention in its adjustments as the original, something that can be observed in such sensitive issues as retirees, industry and regional economies, to name a few.. There is speculation that up to three different opinions may be obtained.
At the last minute, the information was added that today he will enter Congress a new Profit Law to modify the regulations that former Minister Sergio Massa had agreed upon, with salaries of more than $1,350,000 gross and would be updated on quarterly scales by CPI. This is part of the negotiation that the governors requested to get on the “omnibus.”
The key to the whole thing
Aside from the modifications (more than 140 articles were left out) there are two points that deserve mention. On the one hand, the term of the delegated powers would be shortened to 1 year + 1 year. On the other hand, the emergency in pensions and tariffs would continue. Thus, the relevant thing to highlight is that everything that President Milei is supposed to “renounce” turns out that with the approved superpowers, he can carry it out anyway.. That is to say, there would be a change of clothes, a change of skin, but the essentials would remain untouchable.
From the first moment, and taking into account the lessons of the old strategist who is Roberto Dromisuperpowers were understood to be the lion’s share. The thing is The level of discretion requested continues to be very important in issues that are sensitive and that would lead to a second round of draconian adjustment. in areas such as energy (always linked to tariffs), while giving free rein to take on more debt without the authorization of Congress, with an eye on dollar reserves, and even on the virtual intention of dollarizing the economy. It is a authorization for everything, very generic, totally subjective, with mentions (in the new format) that open unprecedented windows, “economic system of free decisions”, “deregulation”, “elimination of restrictions on competition”. Compensation? Outside .
Superpowers for everything
Something about the lyrics, namely, and because it deserves reading of the superpowers, “promote effective validity,” the lyrics say, “throughout the national territory, an economic system based on free decisions, adopted in an environment of free competition and competition, with respect for property and private initiative and the constitutional principles of free circulation of goods and services”.
Another paragraph: “establish the broadest deregulation of commerce, services and industry; and seek to annul all restrictions on the supply of goods and services, as well as any regulatory requirements that distort market prices.”.
And one more: “promote productive reactivation through: (i) the elimination of restrictions on competition, job creation and equalization of tax structures; (ii) the elimination of privileges from some sectors; and (iii) the implementation of plans to regularize tax, customs debts and social security resources aimed at micro, small and medium-sized businesses.”
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Adjustment is the first part of adjustment
In summary, The model of inducing a brutal economic recession would have greater power, would be heterogeneous, while household income would be greatly affected. taking into account that even retirees will have to face a greater liquefaction of their income. As an example, it is enough to bring to this column what some legislators said yesterday, who mentioned that with the superpowers, President Milei can turn Law 24,241 to one side and the other, which sets the retirement age and is vital to shaping the pension system. Bye bye moratoriums, welcome to the AFJP?
As was said, apart from the retirement liquefaction (the new proposed formula would skip the months of highest inflation before being implemented), and that the Government had intentions of privatizing all state companies (now it excluded YPF, which is already mixed) , Milei’s intention was to increase withholdings to 15 percent (all). In the new version, they left out around thirty regional economies, but the degree of discretion yesterday was denounced by locals and strangers. That discretion is fed back with superpowers.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
