++ The full Chamber of Deputies approved the fiscal package 2010, which was immediately submitted to the Senate. The federal government is expecting to raise more than three billion pesos in revenue. Lawmakers approved income tax at 30 percent, a three percent tax on cash deposits starting at 15,000 pesos a month and value added tax or sales tax, IVA, at 16 percent in general and 11 percent on the border.
They also approved a three percent tax on communications networks, including Internet and cable television… public telephone systems and rural landlines are not included in the tax… Another point that got the go-ahead was a 1.5 percent increase to beer tax.
++ Senate speaker Carlos Navarrete, a member of the PRD, said his party would do everything in its hands to annul some of the points approved in the Revenue Bill passed by the Chamber of Deputies.
++ PAN leader César Nava said the fiscal package with new taxes was “incomplete and insufficient.”
++ Concanaco spoke out against the new taxes saying they will affect economic growth and job creation.
++ Unemployment in September reached 6.41 percent, or 2,930,000 – nearly three million – people, the highest rate since October, 1995.
++ The Mexican Electricians Union refused to hand over assets belonging to the former state-owned utility Luz y Fuerza del Centro… The union said the Management and Appropriations Service lacks legal jurisdiction to take over those assets.
++ Three hundred and two evacuated and electricity service was cut in 20,000 homes in Sinaloa after tropical storm Rick swept the the state.
++ Drug Enforcement Agents in Texas dismantled a methamphetamine-selling gang linked to the "La Familia Michoacana" drug cartel.
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