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Argentina’s Javier Milei Announces 90%
Tax Reduction in 2025

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Posted By: Dreadnought, 12/11/2024 8:52:20 PM

President of Argentina Javier Milei announced Wednesday that his administration is preparing a structural tax reform that will eliminate 90 percent of existing taxes in 2025. Milei announced the plan, alongside other policies he seeks to implement in his second year in office, while marking the end of his first. Among them was a plan to negotiate a trade deal with President-elect Donald Trump’s administration once he takes office in January. Tuesday marked one year since Milei took office on December 10, 2023, and became Argentina’s first libertarian president, succeeding socialist former President Alberto Fernández. At the time he took office, Argentina faced a severe

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Reply 1 - Posted by: Timber Queen 12/11/2024 9:50:26 PM (No. 1853148)
President Javier Milei is a patriot and a great man. He's Argentina's Trump. His predecessors proved socialism doesn't work, and Milei has proven free-market capitalism does. God bless him! As the peoples of the world see Argentina's prosperity, and Trump's American economic engine let loose, those people caught in the Marxist trap (looking at you England) will demand the same in their countries. A new day dawns for the peoples of the world...if they get to have free elections and the right leaders.
8 people like this.

Reply 2 - Posted by: Mcscow sailor 12/11/2024 9:54:09 PM (No. 1853150)
May it happen here
7 people like this.

Reply 3 - Posted by: RussZilla 12/11/2024 10:00:18 PM (No. 1853153)
Sounds great, getting rid of bureaucrats. But where do they go? Is the economy going to create new jobs for them? And what happens to retirees on pensions?
2 people like this.

Reply 4 - Posted by: Nimby 12/11/2024 10:03:06 PM (No. 1853156)
A lesson for the lawmakers of USA! Stop pork and work for Americans who elected you!!
4 people like this.

Reply 5 - Posted by: Mcscow sailor 12/11/2024 10:14:21 PM (No. 1853163)
Reply 3…retirees are hammered in the 24 shakeout. Thery were also hammered in the 200% inflation of ‘23.
2 people like this.

Reply 6 - Posted by: Dodge Boy 12/11/2024 10:30:05 PM (No. 1853171)
FTA - "The Argentine president ensured that his administration will also eliminate existing currency control measures inherited by his government next year and stated that there would be a “free competition of currencies” which, Milei explained, will allow “all Argentines will be able to use the currency they want in their daily transactions.”" Holy croak, Javier. Like wow. I just don't think us debt-slaves in America could pull this off. You must have a different way to print money then?
4 people like this.

Reply 7 - Posted by: DVC 12/12/2024 12:09:56 AM (No. 1853194)
He's saving his country. He will go down in history as a huge hero for Argentina.
5 people like this.

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