An emergency project directed by the executive branch to increase employment, increase tax collection and create investment incentives would have enough votes to be approved by the National Assembly in the second and final reading.

Parliamentarians were invited by the president of the legislative body, Henry Kronfle, for this Tuesday starting at 08:30 a.m. to discuss and decide on the draft organic law on economic efficiency and employment, the maximum deadline for its processing in the legislative body expires on December 1, 27.

The National Assembly would vote for the adoption of an emergency law on economic efficiency and employment

For the approval of this urgent project, the legislative majority led by Koreism, Social-Christians and the government will work again, which together have more than 90 votes, although only 70 wills are needed to pass the law as proposed by the executive. On the other hand, the Construye sector is still analyzing its position, although that sector is critical of the content of the document due to the tax breaks that would be implemented in favor of large economic sectors, they claim.

In the minority sector such as the representative in the national assembly Lucio Gutiérrezthey note that they will not support the project if the aspects surrounding the sector that would benefit from the amnesty of interest on tax payments are corrected.

Representative of the Civil Revolution (RC), Leonardo Berrezueta, He stated that 80% of the issues raised by the council were included in the final report of the project, because there were several issues that could have been modified in the proposal, for example, he mentioned the issue of debt and interest forgiveness for students in the education system, as well as the abolition of income tax from the first sale of real estate that affected the middle class.

Also, a work regime for workers in free zones has been incorporated, because a special regime was originally requested, and with the changes, everyone will be subject to the current work regime, he explained.

Regarding the forgiveness of debts, interest and fines, he pointed out that the project clarifies that relatives in the fourth degree of consanguinity and relatives of the President of the Republic will not be beneficiaries of this measure.

“We have determined that since our proposals have been accepted, we do not see why we should not vote for the bill,” insisted Berrezueta, who said there were votes to approve the bill, as the Christian Social Party, the National Democratic Party, Action Bloc and Citizen Revolution , some independents gave their point of view on this issue, which is a responsibility towards the country, and above all, it is that the essential content changes were accepted and that was 80 percent.

The head of the bench of the Social Christian Party (PSC) Vicente Taianosaid they also made some written observations, and at the Economic Development Commission they asked their envoy, Jorge Acaiturri-Villo, to take the necessary steps to include the three income tax deductions in the text.

The first proposal is that interest on mortgage or unsecured loans that citizens have in the financial system can be reduced by 100%; that 100% of the wages that natural persons pay to their employees in the social security system can be deducted, as long as they are up-to-date in fulfilling their obligations; and that 100% of the costs of doctors, medicines and care in the hospital network can be deducted. This would benefit hundreds of middle-class workers and employees who cannot refuse this question today, he pointed out.

Taiano indicated that these questions must be incorporated into the final text of the project in order to record the PSC’s vote for the urgent project, and he believes that they are confident that these texts will be accepted and that they will vote with them in favor of the project.

Legislator Lucio Gutiérrez from the Patriotic Society Party (PSP), who said in the minority sector that he personally would not support the project of the Executive Power because it would be the legalization of theft, because forgiving the debts of the richest in the country would be an encroachment on the constitutional principle of equality; “Why only the richest in the country, and why not the rest of the Ecuadorian population,” he asked.

Although the law includes a provision clarifying that the donations will not benefit members of the assembly, public officials, the President of the Republic and relatives up to the fourth degree of consanguinity, Gutiérrez argued that there will only be three or four companies, and other companies and family groups would benefit greatly.

Gutiérrez indicated that he hopes his proposal to strengthen the law in terms of recovering money from delinquent debtors, rather than rewarding late payment, will be adopted. Although the scholarship holders abroad are forgiven the interest on their debts, when it is all added up, the amount is negligible compared to what is intended to be forgiven to a company. If the donation in favor of the richest in the country is withdrawn, there will be no vote for Lucio Gutiérrez, he said.