Finance Secretary Dominguez to Recommend Veto if Tax Reform Proposal is Watered Down Significantly

With the Senate seeming to plan to water down other tax reform measures despite compromise offers by finance officials that would have seen the removal of proposals for taxes on sugary beverages, Finance Secretary Carlos Dominguez said he might recommend a presidential veto because of the significant drop in expected revenues. He sounded an alarm that congressional disapproval would lead to the government missing its economic targets and caps. Dominguez’ announcement could be seen as a way to…

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