Coronavirus in Mexico. AMLO rules out forgiving taxes on large companies

The President of Mexico, Andrés Manuel López Obrador, on Monday ruled out forgiving taxes in support of large companies in the country in the face of the effects of the coronavirus.

“No more bailouts in the style of the neoliberal period, which they gave to banks, large companies and who are thinking that there will be tax forgiveness or other mechanisms that were used before,” warned President López Obrador, in the face of the crisis economic crisis he said on Sunday is looming for the global coronavirus pandemic Covid-19.

He affirmed that the “neediest” will first be supported, like small merchants, by means of the delivery of credits from the Tandas del Bienestar.

At a press conference in the National Palace, the head of the Federal Executive pointed out that within his economic plan, first of all, he seeks to support the weakest and most vulnerable, in this case, the elderly and patients with diabetes, This plan will have a meeting with its health cabinet this Monday.

“We are sending in advance to the elderly their pension, and the dispersion in banks begins today (…) we are going to grant loans in the Tandas de Bienestar and we are going to increase it so that it reaches more people, those who have workshops, small merchants, help them. It is part of the recovery plan, first the most needy; I believe that this is shared by all Mexicans.

“No more bailouts in the style of the neoliberal period, which they gave to banks, big companies, no, they are not even thinking that there are going to be tax condonations or other mechanisms that were used before. If we have to rescue someone, who do we have to rescue? To the poor, for the good of all, the poor first, ”he said.

It also reads: “Susana Distancia” arrives at the AMLO morning

Yesterday, the head of the Government of Mexico City, Claudia Sheinbaum, ordered that the city’s shops, such as cinemas and bars, as well as churches and museums, be closed from Monday, one of the toughest measures to prevent the spread of the coronavirus, a outbreak that has left 316 infected and two deceased in the country.

The Mexican capital and the federal government had only announced the suspension of school classes and recommended a social distancing, actions strongly criticized for being insufficient to slow the advance of the epidemic that has put China and Europe on edge.

“We are seeking to generate all the conditions so that with the maximum closure of activities we have the least economic damage to families,” Sheinbaum said Sunday at a press conference.

It also reads: “Susana Distancia” arrives at the AMLO morning

“If we closed absolutely everything it would have to be for 15 days, and it is not known what the after effect would be,” he added.

The closure measure also includes gyms, theaters, zoos, discos and the almost 200 museums of the capital, a city of about 22 million inhabitants.

The official, an ally of President Andrés Manuel López Obrador, specified that, until further notice, the restaurants will continue to be open, but all public and private events of more than 50 people will be canceled.

Public transportation, such as the Mexico City subway, will continue to operate and its users -about 1.6 million a day- will have antibacterial gel available. “If we take care of ourselves we are all going to get out of this situation as soon as possible,” Sheinbaum said.

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