Some years ago a friend who was sympathetic to illegal immigration remarked sarcastically that Americans who opposed illegal immigration would get their comeuppance when Mexico's economy lured American citizens there to get work. My response was that a better economy in Mexico was in everyone's best interest.
It might be hard to get a good economy in a socialist environment that's infused with criminal narco-gangs. But it's worth a try, and it's long overdue.
And what do you know? Obrador is actually trying to make that happen, at least in the Northern part of Mexico. From Reuters: Mexican president decrees tax cuts for U.S. border region:
MEXICO CITY (Reuters) - Mexico’s new leftist President Andres Manuel Lopez Obrador on Monday decreed tax cuts for northern states that he says will help power economic growth and deter migration to the United States.
An executive order in the government’s official gazette granted lower rates for both value-added and income taxes in more than 40 municipalities bordering the United States, an area that has become a flashpoint over U.S. President Donald Trump’s policies to deter immigrants, including building a wall.
Lopez Obrador’s tax cuts could reduce government tax income during 2019, when he will implement a budget that seeks to use spending cuts to help fund new social welfare and infrastructure projects.
At an event in Monterrey in the northern state of Nuevo Leon on Saturday, Lopez Obrador said the minimum wage in the northern strip of municipalities would rise to 177 pesos ($9.00), nearly double the national level, starting Jan. 1, and that fuel prices would be set on a par with U.S. prices.
“This is a very important project to boost investment and job creation,” Lopez Obrador told business leaders.
The decree seeks to give an edge to northern Mexican businesses, which compete with U.S.-based companies across the border.
It's in everyone's best interest that the Mexican economy could improve to the point that its citizens don't believe that have to escape the regime in order to prosper.
See also Jason Hopkins' article Mexican president fighting illegal immigration to US by cutting taxes, improving economy of own country. Alternate link: Mexican President Fighting Illegal Immigration To US By Lowering Taxes.
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3:01 PM 1/1/2019
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