Xavier Miley reversed course and withdrew the fiscal package from his omnibus law to appease his parliamentary colleagues

In his tough race to get the votes needed to approve his government’s symbolic legislation, xavier miley It decided to abruptly withdraw the fiscal package of the omnibus legislation to satisfy the opposition in Parliament, which had demanded changes to the original project. In total there have been about 100 amendments.

Economy Minister, luis caputo, was the one who announced that the Executive had conceded defeat in the middle of the negotiations and before the debate in the Chamber of Deputies. “We have decided to withdraw the financial chapter of the Aadhaar law to facilitate and expedite the approval.” Norm’s fiscal package, which theoretically sought to improve the country’s structural fundamentals, included points related to “money laundering, moratorium, advance of personal assets, changes in earnings law, withholding and retirement formula”. As told by Caputo.

However, this radical move has not pleased everyone. On the contrary, it has raised some doubts. “We are surprised that the government has decided to withdraw the entire financial chapter of the omnibus law in a whimsical attitude. If the economic program that was being discussed there. that’s suspicious. The most serious thing in itself is emergency declarations and delegation of powers,” he says in statements to La Razon. Fernando CarbajalDeputy for the Union Civica Radical (UCRF), a party that the government considers a “friendly” opposition and where its goal is to obtain the votes that make up this parliamentary block.

“We view this political stance of the President with great concern which highlights his authoritarian profile of “all or nothing”. He is a man with quite an odd personality and a high level of intolerance. These Handing legislative and emergency declaration powers to a president with special powers so he can rule with orders is very risky. “We have the highest security measures and we are on alert,” says Carbajal, who was one of those who Did not sign in favor of the first opinion of the project, which received votes from other colleagues on the same bench.

Regarding the direction to be followed by the law, Carbajal assures that a very complex scenario is emerging. “The omnibus law is a huge law, and it is very difficult to deal with. If it does not arrive at the venue with proposals for amendments and concrete political compromises, the legislative treatment will become extremely cumbersome, having to be looked at article by article. Consideration is being made to call the session on Wednesday. We are not going to accept privatization from our group. We are not going to give authorization in any way, we have terrible experiences from the 90s,” says Carbajal, who is a lawyer by profession and has been a federal judge.

From his perspective, the executive is far from reaching a vote to approve the omnibus law. “The government needs the votes of the majority of members present, of which there are a total of 272, much will depend on the majority quorum. More than 100 delegates would be needed to vote in favor of the legislation. The government’s own faction, including PROs that have expressed willingness to support the government, will reach only 70, which is far from achieving a majority. He says, “Congress is very fragmented.”

President Xavier Miley described the same talks on behalf of Casa Rosada as contradictory. wall street journal, that “there is no Plan B to do things right.” He also confirmed his intention to dollarize the economy and privatize public companies. A total of 44 are on the radar.

When asked about Argentine resistance and signs that his plan was working, Miley was not very optimistic and said that people “understand that this process could last about two years.” In the interview published last Sunday, Miley also said candidly: «I’m going to sell everything I can from government companies as soon as possible, but there are institutional restrictions. Everything that can be privatized, we are going to privatize it. “It is not a question of names, but of technical restrictions in terms of time.”

For now, the government has ruled out privatizing YPF, a prospect that has generated considerable antipathy in the opposition. And amid the economic and political crisis the country is going through, a sign from the Vatican could bring Miley the powers of heaven she so desperately craves.