Economy Minister Luis Caputo said on Friday that the government will drop the fiscal chapter of the omnibus bill. He also stated that the lowering of the the income tax law the government is seeking, a bill Milei recently sent to Congress, has also been placed temporarily on hold. After protracted negotiations, the omnibus bill was scheduled to be voted on Thursday but was later postponed to next week to try and secure all the votes, a spokesperson for Lower House President Martín Menem told the Herald. Together with President Javier Milei’s mega-decree, the omnibus bill seeks to reshape the way in which the country’s economic and administrative systems work. The bill originally aimed to give Milei the faculty to legislate without resorting to Congress for two years, but it was reduced to one after negotiations with members of some opposition parties.

Source: Bueno Aires Herald January 27, 2024 00:27 UTC