MEXICAN PRESIDENT FIGHTING ILLEGAL IMMIGRATION TO US BY LOWERING TAXES
Newly elected Mexican President Andres Manuel Lopez Obrador intends to curb immigration into the United States by economically developing his country’s northern states.
Loprez Obrador — who entered office in the beginning of December with a leftist agenda — on Monday decreed lower rates for income and value-added taxes in over 40 municipalities that border the U.S. The minimum wage within these municipalities will also be risen to 177 pesos — equivalent to $9 — beginning in 2019. Lopez Obrador also plans new infrastructure projects and more social welfare programs to benefit Mexican citizens.
“This is a very important project to boost investment and job creation,” Lopez Obrador said during a Saturday event in the northern state of Nuevo Leon, according to Reuters.
The ambitious agenda is meant to bolster the economic standing of towns and cities dotted along Mexico’s northern border, the forefront of America’s illegal immigration crisis. Lopez Obrador, facing extreme pressure from his northern neighbor, has pledged to reduce migration into the U.S., and hopes to do so by enhancing his citizens’ quality of life.
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