Funes vetoed a legislative decree which removed the obligation of taxpayers with annual salaries exceeding $ 75 thousand a year or property worth more than $ 300 thousand.
In the article by Mirella Cáceres and Liseth Alas from Elsalvador.com, they outlined that "the president based his decision on the fact the measure would limit the actions of the Tax Administration in their fight against tax evasion and tax avoidance and that it would violate articles 1, 3, 86 and 131 of the Constitution."
If passed the new reform would create taxes for financial transactions, unproductive properties and newspapers.
Elsalvador.com reports that Carlos Caceres, head of the Ministry of Finance stated that "The President (of the Republic) has instructed the Ministry to evaluate a proposal acceptable to him and to society, that is politically acceptable and not damaging to the productive sectors and to the poorest people. "
El Salvador's public debt up to May 2013 totaled $13.429 billion, representing 53.8% of gross domestic product in the country.
Eleconomista.net reports that "As of May this year the public debt of El Salvador, as a proportion of gross domestic product (GDP) amounted to 53.8%, representing a total of $13.4294 billion. That means that for every dollar the Salvadoran economy produces, slightly more than half is debt. "
Such was the Salvadoran businessmen's response to a proposal by President Funes to create jobs for gang members.
Employers are willing to contribute to the safety of El Salvador, but the president of the Salvadoran Association of Industries (ASI), Javier Siman said it was "ironic that we are giving priority for jobs to gang members."
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