Salvadoran businessmen 'Lament' Approval of Tax Reform

ANEP press release:

Regarding the tax increase approved by the FMLN, GANA, PCN and PDC, the National Association of Private Enterprise, ANEP, declares:

1. We lament that the representatives who voted for more taxes care more about what the government offers them in exchange for their votes, than the consequences of causing unemployment and deepening poverty in El Salvador.

2. New taxes approved by the Legislature follow government overspending in recent years on higher wages, advertising, vehicles, and political patronage. In conclusion, more taxes to fund more squandering.

3. This increase in taxes we will be paid for by all Salvadorans through less employment opportunities, higher cost of living and increased poverty. Since now, we hold the
FMLN, GANA, PCN and PDC responsible for the economic and social deterioration our country will suffer.

4. The solution to the fiscal problem will not be solved with more taxes, but by creating conditions that promote economic growth, reducing inefficient spending sprees that do not contribute to improving the living conditions of the population and setting limits on the statutory public debt, current spending and the fiscal deficit.

5. To the good Salvadoran businessmen and thousands of workers who believe in our country, we reiterate that ANEP will continue to demand greater fiscal responsibility and government action and will continue to identify the bad politicians.

San Salvador, December 14, 2011.

Source: Salvadorean Association of Private Enterprise (El Salvador)

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