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The proposal was raised as possible measure against the impact of coronavirus on the national economy, and although it was signed in a virtual plenary session on May 6, it was only publicly known this Sunday thanks to the fact that several legislators spread it on Twitter.
In it, the parliamentarians propose “A subsidy worth a monthly minimum wage with all legal social benefits ($ 1,409,000) that would be delivered to 3.5 million people employed in formal and independent activities vulnerable to the crisis” of COVID-19.
# 50 Senators Propose | That the national government has the political will to ensure decent minimum conditions for 34 million Colombians.
It is enough to always save banks and businessmen, it is time to prioritize the lives of the majority. pic.twitter.com/lCUNKklxXT– Alberto Castilla Salazar (@CastillaSenador) May 10, 2020
According to the same text, they would also benefit 31 million Colombians “Belonging to 9.5 million poor and vulnerable households”, which would receive “A transfer of a minimum wage ($ 877,000).”
“The proposal as a whole allows to benefit about 34.5 million people, that is to say 71% of the Colombian population, for a period of three months”, clarifies the document, which also specifies that said subsidies would have a total cost of 40.5 billion pesos, for which reason the following are also proposed “Sources of immediate financing” for its execution:
- “Expand the wealth tax;
- Reallocate expenditures from the national budget: bring existing cash transfer resources to this emergency plan;
- Reduce operating expenses that are not essential;
- Deferred project resources and those canceled as a result of the emergency;
- The resources available in the FOME (in particular, the resources of the solidarity titles);
- The collection of the solidarity tax COVID-19 created by Decree 568 of 2020;
- Suspend with immediate effect the tax benefits approved in Law 2010 of 2020, Economic Growth Law; and
- Request a direct credit from the Banco de la República, guaranteed in international reserves, in development of article 373 of the Political Constitution. ”
Of these points, the request made by the senators (all of opposition) to Immediately “suspend” tax benefits to entrepreneurs They both questioned (and continue to criticize) themselves when the Economic Growth Law was being processed in Congress, which was finally approved and passed last December.
But, in addition, the signatories call for a “structural tax reform […] progressive, equitable and efficient as ordered by the Constitution, which eliminates unfair and unnecessary tax benefits, increases the wealth tax, dividends and the income of wealthier individuals “, in order to -request- finance their proposal “in the medium term”.
As stated by the congressmen in the aforementioned document, it is also contemplated to create a commission to present this initiative to the Government. If there is no agreement with the executive in this regard, adds the proposal, the signatories they will present it as a legislative project that modifies the decrees already issued, and to be promulgated, by the Government in the face of the economic emergency that the country is experiencing as a result of the COVID-19 pandemic.
Here are some of the videos in which the proponents defend their initiative:
# 50 senators propose
Minimum income for 34 million Colombians.In the post pandemic, we have an obligation to build a more caring society. pic.twitter.com/ZMUw2vrMEJ
– Roy Barreras (@RoyBarreras) May 11, 2020
For 7 million households there must be a minimum wage for 3 months. Minimum income! Silver would come out of an extraordinary wealth tax on the wealthy from the wealthy, renegotiating interest on the 2021 debt and suspending tax benefits (LJ Garay) # 50 Senators Propose pic.twitter.com/bTZsPU8POg
– Armando Benedetti (@AABenedetti) May 10, 2020
What is it # 50 Senators Propose? In this video I explain it👇🏼 pic.twitter.com/mNuf6seBnl
– Iván Marulanda (@ivanmarulanda) May 10, 2020
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