Mexican Pres. Bows to Trump. Announces 2,000-Mile ‘Zone’ To Help Stop Illegals
In a rather surprising move, the new left-wing populist president of Mexico — Andrés Manuel López Obrador — just announced a dramatic new plan for the border region his nation shares with the United States that actually supports and coincides with President Donald Trump’s overall agenda on border security and immigration.
No, the Mexican president didn’t sign a check to fund construction of the proposed border wall or deploy the military and minefields to discourage cross-border excursions to the north, but rather announced an economic “free zone” along the border that would attract investment and create new jobs and provide an economic incentive for migrants to remain in Mexico instead of illegally crossing into the U.S. for economic reasons.
That decree will create a “free zone” roughly 15.5 miles wide along the 2,000-mile long border, from the Pacific coast to the Gulf of Mexico, that will feature dramatically reduced taxes, a doubled minimum wage and certain commodities priced similar to that found across the border in the U.S.
The income tax rate in the “free zone” would be reduced by one-third, from 30 percent to 20 percent, while the Value Added Tax for imported goods would be cut by half from 16 to 8 percent. That’s aimed at spurring business growth, which would increase employment.
(more at link)
*pondering*
Wouldn’t that mean, they are paying for……… whats that phrase, I always forget!
:: The income tax rate in the “free zone” would be reduced by one-third, from 30 percent to 20 percent, while the Value Added Tax for imported goods would be cut by half from 16 to 8 percent. That’s aimed at spurring business growth, which would increase employment. ::
Mexico Agrees to Pay More for US Border Security
Wonder when the new prez of Mexico will start this plan?