Colombian Congress disapproves of President Petro's tax reform

teleSUR English

Colombia's Congress decided on Wednesday to scuttle the new tax reform bill presented by President Gustavo Petro, which proposed to increase taxes on the wealthiest individuals, gambling platforms and increase the carbon tax. teleSUR

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00:00Also in Colombia, on Wednesday, the Economic Commissions of the Senate and the House of

00:04Representatives voted against the financing bill proposed by the government of President

00:09Gustavo Petro.

00:10The bill, which began its processing on Wednesday after several days of delay, was supposed

00:15to guarantee close to 12 trillion Colombian pesos for sustainable economic reactivation,

00:22adaptation to climate change and sustainable development, within a framework of fiscal

00:26sustainability and new tools to strengthen the control and operation of the tax system.

00:33President Gustavo Petro assured via his social networks that the decision is a hard blow

00:38against people, while the Minister of the Interior assured that a sensible discussion

00:43of the norm was not allowed.

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