Tuesday, December 23, 2003
The New York Times
Mexico Ends Tax Reform Effort
The Mexican Congress has ended President Vicente Fox's hopes for a tax overhaul this year, scuttling a proposal aimed at raising one of the lowest rates of collection in Latin America.
Late Sunday, the lower house's finance committee yet again rejected the president's proposals, leaving the government no time to present a new package before the end of the year.
Mr. Fox was visibly angry after the latest of his economic reforms foundered in a divided legislature. "This is a historic mistake in tax matters," he said in a televised speech. "There are political forces that put the interests of factions ahead of those of the country."
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