| | |  News Around the Republic of Mexico | September 2009 
PAN Threatens to Veto 'Law of Income'
 Víctor Mayén - Rumbo de México
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The National Action Party (PAN) parliamentary group in the Senate threatened to veto the Ley de Ingresos (Law of Income) for next year, if other parties make changes that the PAN deems inadequate.
The group says it will use its constitutional veto power to block the Ley de Ingresos if President Calderón thinks it won't provide his administration with sufficient funding for 2010.
José Isabel Trejo Reyes (PAN), president of the Senate Finance Committee, said that the Ley de Ingresos "Is the only law in the administration's economic package that senators can veto, if the president doesn't think it's right."
Trejo Reyes said that the PAN in the Senate, with a representation of between 40 and 42 percent, has enough power to back possible modifications that the administration may make to the Ley de Ingresos, if not satisfied with the adjustments that Congress makes.
"The only power that the president has on financial matters is that the PAN in the Senate has the power to reject the Ley de Ingresos if it doesn't generate enough money for 2010," he said.
"In the Senate we have between 40 and 42 percent, and that is enough to block any veto that the other parties may try against the changes the president makes to the law. Two-thirds of the vote is needed for an effective veto, so we can stop veto attempts by other parties."
Trejo Reyes said that in the Senate, the PAN represents the power of the president to block any law that goes against the policies of the federal administration.
He said the PAN parliamentary group is ready to support the changes that the administration is likely to make to the Ley de Ingresos.
The Calderón administration economic package also includes a 2 percent increase on general consumer products, including food and medicines, which critics say is a masked increase to the existing 15 percent value-added tax (IVA).
Supporters, however, say the tax hike will be go to poverty-fighting initiatives, which will be felt immediately.
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