Mexican Senators May Reject Tax Bill
 Michael O'Boyle - Reuters
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October 24, 2009
| | Calderon's conservative National Action Party, or PAN, has the most seats in the senate. | |
Mexico City - Mexico's senate could reject a tax increase bill approved earlier this week by the lower house of Congress, according to a local media report on Friday that quoted a top leader from the centrist opposition party.
Lower house lawmakers, led by the opposition Institutional Revolutionary Party, or PRI, on Wednesday approved tax hikes, including a controversial 1 percentage point increase to the country's value-added tax.
"We are looking at how to oppose this, and it is most likely we will return this bill," said Sen. Jesus Murillo Karam, the PRI's secretary general, according to daily Reforma.
The lower house bill was a watered-down version of a proposal from President Felipe Calderon to raise taxes as the government faces a widening deficit because of a recession and declining crude production.
The senate is expected to vote on the bill next week.
Calderon's conservative National Action Party, or PAN, has the most seats in the senate, while the PRI is the third-biggest power in the upper house.
The leftist Democratic Revolution Party, or PRD, which has also opposed the tax hikes, is the second biggest force in the senate.
(Editing by Padraic Cassidy)
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News Around the Republic of Mexico | October 2009 
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