Mexico’s new president just unveiled a new plan to help slow the flow of illegal immigration into the United States.
The San Diego Tribune reported that Mexico’s new, left-wing populist president is ringing in the new year with a dramatic economic plan for border communities aimed at attracting new investments and creating jobs that could potentially curb the influx of migrants into the United States.
Andrés Manuel López Obrador announced last Saturday what is called the Tax Incentive Decree for the Northern Border Region that will create a “free zone” along the border with the U.S that is 15.5 miles (25 kilometers) wide. It encompasses nearly 2,000 miles, all the way from the Gulf of Mexico to the Pacific coast.
For communities within the border strip, such as Tijuana, the Mexican government will:
reduce income taxes from 30 percent to 20 percent
slash the Value Added Tax for goods coming into the country from 16 percent to 8 percent
boost the minimum wage 100 percent to 176 pesos ($8.80), and
make fuel prices the same as those in the the U.S.
From Daily Wire
Mexican President Andres Manuel Lopez Obrador has unveiled a new plan to curtail illegal immigration to the United States by focusing on creating economic “free zones” along the U.S.-Mexico border.
López Obrador, a leftist, announced the Tax Incentive Decree for the Northern Border Region which will create free zones near the border that are over 15 miles wide and will reportedly encompass approximately 2,000 miles. The San Diego Union-Tribune reports that the free zones will:
reduce income taxes from 30 percent to 20 percent
slash the Value Added Tax for goods coming into the country from 16 percent to 8 percent
boost the minimum wage 100 percent to 176 pesos ($8.80), and
make fuel prices the same as those in the the U.S.
“It’s going to be the biggest free zone in the world,” Lopez Obrador said. “It is very important to project for winning investment, creating jobs and taking advantage of the economic strength of the United States.”
“Proponents of the president’s ‘free zone’ plan believe it would reduce the incentive for Mexicans to migrate to the U.S. and increase competition among local businesses,” Fox News reported. “But others fear that Mexican companies, attracted by low taxes, might move to the free zone and create an overall loss of tax revenue for the country as a whole.”
Following his election victory, Lopez Obrador was reportedly considering creating a border force to stop illegal immigration and stem the tide of drugs and illegal guns entering Mexico. Alfonso Durazo, Lopez Obrador’s future chief of public security, made the revelation in an interview with Bloomberg. “We’re going to create a border police force that will be highly specialized,” Durazo told Bloomberg. “They need to apply the law.”
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