The libertarian Javier Miley This Tuesday he achieved his first political victory as president of Argentinasince, in contrast to his usual confrontational style, the negotiation of his team, mainly the Minister of the Interior, Guillermo Francoswith the so-called ‘dialogue’ opposition, allowed him to obtain a double favorable vote in the Chamber of Deputies.
The ‘Law Bases and Starting Points for the Freedom of Argentines’better known as the ‘omnibus law’ or ‘base law’ – as the Executive calls it -, is the star project of his Government, a programmatic corpus with measures to deregulate the economy and take the State to a Lilliputian version.
After failing in its parliamentary process in February, when it was approved in general, but withdrawn by the ruling party due to certain rejection in the article-by-article vote, this time the initiative achieved full endorsement and was sent for debate in the Senate, where perhaps it will have more difficulties for its final approval due to the low representation of Freedom Advancesthe far-right party led by Milei.
After almost 30 hours of session, which began around 12:20 local time (15:20 GMT) on Monday and concluded after 17:00 local time (20:00 GMT) on Tuesday, the ruling party obtained support for its star law and the fiscal package, another of the obstacles in the previous parliamentary process, when the Executive left it out of the text due to its differences with the provincial governors.
The low representation in both Chambers forces the ruling party to build bridges to obtain support and thus carry out its proposals.
This, which seemed to be forgotten in February when the president spoke of the deputies as “rats”, was put into practice in the following months with numerous meetings, which led to the remodeling of the text.
The deputies “who collaborated in its preparation, defended the norm in the chamber, and supported with their vote the reforms that our country needs” carried out “patriotic work,” according to the statement released this Tuesday by the Office of the President.
“The Argentine people require representatives willing to end the privileges of the caste and the corporate republic, in pursuit of the future and development of the Homeland”continued the message, which asked for “historical responsibility” from the representatives of the provinces – members of the Senate – so that they have “the greatness seen today” in the Chamber of Deputies.
The delegation of legislative powers to the Executive, the labor reform, the privatization of companies and the establishment of a special investment regime are the most notable aspects of this bill that went from more than 600 articles in its original version to a few more than 200 current.
The deputies endorsed the delegation of legislative powers to the Executive for one year and the declaration of a public emergency in administrative, economic, financial and energy matters.
This chapter was one of those that generated the most controversy in February, since the original text proposed two years – extendable to four – of emergency in 11 aspects, which was clearly limited in this new version.
A list of public companies that could be privatized was also approved, among which are Argentinian airlines, Argentine Mail y Argentine Radio and Television.
Under the title of “labor modernization”, the deputies also gave their approval to a labor reform that extends the trial period from three to six months and that allows dismissal compensation to be replaced by a severance system.
As for the so-called “incentive regime for large investments” (RIGI), it seeks to increase the inflow of capital into Argentina.
The RIGI – applicable for two years, extendable for one more year – has twelve chapters that create tax, customs and exchange stability for 30 years and greater competitiveness for investments exceeding 200 million dollars.
Along with this, the ruling party achieved the approval of the fiscal package, which includes aspects such as the restitution of the Income tax and money laundering. EFE (I)
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