Parliamentary group Libertad proposes salary increase to $150, elimination of ITGF, and VAT reduction
A few days before May 1st, deputy Henrique Capriles, on behalf of the parliamentary group Libertad, proposed a series of measures to recover the purchasing power of workers. For the leader, a salary increase of $150 is necessary, taking into account that the State's income in 2026 could reach $32 billion.
TL;DR
- Proposal for a $150 monthly salary and pension increase for workers.
- Suggestion to eliminate the Grand Financial Transactions Tax (ITGF) to boost the economy.
- Advocacy for a reduction in Value Added Tax (IVA).
- Basis for salary increase calculation is projected 2026 state income of $32 billion.
- Concern expressed about inflation and its impact on families and pensioners.