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With a tight vote, the ruling party obtained in Deputies the half sanction for the wealth tax

The bill of Extraordinary Solidarity Contribution would reach just over 9,200 people who have declared assets of more than 200 million pesos (Adrián Escandar) The bill of Extraordinary Solidarity Contribution would reach just over 9,200 people who have declared assets of more than 200 million pesos (Adrián Escandar)

After a marathon day, The ruling party obtained the necessary votes and gave half a sanction to the Solidarity Contribution bill for the only time or, as it is popularly known, tax on wealth.

On his return to the Chamber of Deputies after isolation due to possible COVID-19 contagion, the president of the lower house, Sergio Massa, He referred to that he understands “that there are some who may feel that it is painful to have to make an additional effort in tax matters but we ask them for a single and last effort to put Argentina on their feet” and pointed out in the previous vote that he was “very optimistic” regarding the ruling party getting the necessary votes with “even the support of deputies from Together for Change.”

Massa’s phrase did not go unnoticed because the ruling party knew that they had the right votes to give the project a half sanction. The Frente de Todos has 119 deputies and needed 10 more votes in favor. The Lavagnism and Socialism blocs indicated that they were going to accompany, but not all the legislators of those blocs were going to do so.

At the time of the final count, what could be observed is that the ruling party this time lost two votes: that of a regular ally like Alma Sapag, from the Neuquén Popular Movement, who gave a harsh speech (said that it will bring “more political and social costs what economic benefits “and that will be prosecuted) and that of the Santiago de Cuba Front of All, Bernardo Herrera, hospitalized with coronavirus.

Likewise, the vote count reflected previous agreements with governors such as Juan Schiaretti, of Córdoba Federal, and the radical Gerardo Morales, who, as in the 2021 Budget, contributed votes. With these accompaniments, the final vote showed 133 votes in favor, 115 against and 2 abstentions.

Militancy in the street supported the tax Militancy in the street supported the tax

To show unity, I endorse the ruling party behind closed doors and discourage rumors about clashes with the Economy, the minister Martin Guzman it passed through Congress before the vote. The Minister of Social Development, Daniel Arroyo placeholder image and that of Productive Development, Matias Kulfas, in addition to the leaders of La Cámpora, Fernanda raverta (Anses) and Luana Volnovich (PAMI).

With these numbers, the Government celebrated with the legislators in the benches, on the screens and in the street with the militancy that was approaching the adjacencies of the National Congress since the beginning of the session around noon.

The photo of unity, albertismo, massismo, La Cámpora in Congress in support of the wealth tax The photo of unity, albertismo, massismo, La Cámpora in Congress in support of the wealth tax

In Juntos por el Cambio the perspective was always that they were going to lose the vote and then within the bloc of the Civic Coalition, the UCR and the Pro, they pointed their strategy in two main axes. The first was to point out that the rule thought by Maximum Kirchner and written by Carlos Heller It is not a sole or solidarity contribution, but rather a tax, confiscatory and not very federal because it is not shared. The second is to highlight that, even if it is approved in both chambers, the relationship between rich and poor will not change and that it will end up harming productive SMEs.

This was expressed by the president of the Juntos por el Cambio interblock, Mario Negri, at the time of its closing. “We have not come to declare any war, but to discuss if it is viable, if that is the way and the course,” began the radical leader. In that sense, he blamed the Executive Power for the economic situation in the midst of the pandemic: “The quarantine was to maintain and rearm the health system, not to make it a government program; this has had a strong implication in an economy that was already vulnerable ”.

“We are top ten in GDP decline, fiscal deficit, unemployment and inequality. We want to tell you that this is ineffective, even though it has a nice name and is epic, ”Negri continued. “We are the ones that have most taxed the private sector in the region, if we do not generate wealth there will be no investment, where will foreign currency come from,” he asked, concluding the criticisms.

The final closing was in charge of Maximum Kirchner who spoke from his home since he had to leave the premises, after 11 at night, after he was informed that it was close contact of a COVID-19 infected. The referent of the ruling party pointed against Together for Change by pointing out that the wealth tax was discussed not only because of the pandemic “but because of the country we receive.” In that sense, he pointed to the deepening of the economic crisis that occurred after the primary elections of last year and pointed to Mauricio Macri whom he identified as the “political leader of the opposition.” “After the tantrum on August 12, the reserves began to drain rapidly. from the Central Bank, reaching October 25 with 43 billion dollars; Argentina lost 20 billion dollars because the president decided to put the stocks after losing the generals. He knew that if he put it before – as he should have done – the electoral result would be much worse. To gather two million more votes, he sacrificed 20 billion from the Central Bank, ”Kirchner pointed out.

The project

The Extraordinary Solidarity Contribution bill would reach just over 9,200 people who have declared assets of more than 200 million pesos. In its central axes, it establishes that it is a one-time contribution that will reach exclusively human persons with a high level of patrimonial wealth. Only those with a declared wealth of more than 200 million pesos are included, with an aliquot of 2%, which increases as the equity increases.

(Adrián Escandar) (Adrián Escandar)

Around half of the 9,200 people who would be reached by this contribution have declared a fortune that ranges from $ 200 million to 400 million pesos. In this sense, the highest tax rate reaches, according to the data provided by Afip, less than 300 people.

In the event that the declared goods are abroad, the aliquots are 50% higher.

A point highly criticized by the opposition is that the project taxes the working capital, the inventory, the machinery, as well as the local shareholders.

The project also has defined specific allocations to the proceeds that, according to official estimates, will be around $ 300,000 million, will be for:

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