Mayor Predicts Reform Package Will Not Pass
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Mexico City’s populist mayor said he doesn’t believe lawmakers will approve the ambitious economic reform package submitted by President Vicente Fox.
Andres Manuel Lopez Obrador of the left-leaning Democratic Revolution Party, who is considered an early front-runner for presidential elections in 2006, said Fox’s far-reaching plan to stimulate government revenue “was finished.”
In a 2004 budget proposal submitted to lawmakers this month, Fox’s administration called for the national sales taxes to be lowered to 10% from 15%, but also directed that the levy be extended to food and medicine.
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