The private sector will cancel investments for 50 billion pesos planned in states such as Oaxaca, Michoacán, Guerrero and Chiapas because of the dissident National Teachers Union Coordinadora group blockades and protests.
The Confederation of Commercial Chambers, the Concamin, said that those 50 billion pesos correspond to two percent of total investment in Mexico and thus the measure will have a negative effect because 40,000 jobs will be lost.
++ The chairman of the Mexican Confederation of Business Owners, the Coparmex, Gustavo de Hoyos Walter, charged that the Mexican government has failed in its obligation to enforce the law by allowing dissident teachers to continue with their protests and block roads and highways affecting economic activity. He said the government should clamp down on teachers.
++ PRI, PAN and PRD lawmakers rejected a threat by business leaders to file their tax returns putting zeros, or claiming to have earned nothing, because the government has failed to put an end to protests and blockades by the National Teachers Union Coordinadora group.
PRD national leader Alejandra Barrales criticized businessmen because of their threat to pay zero taxes and called for a spirit of understanding in the conflict.
PRI deputies’ leader César Camacho said that the threat by the private sector to hold back tax payments is not a legal proposal but rather a political strategy.
PAN deputies’ leader Marko Cortés said he backed the private sector demand that the government halt CNTE protests but he did not support their threat to refrain from paying taxes in areas where protests are taking place.
++ If businessmen fail to disburse their worker payments the Mexican Social Security Institute will take punitive measures, said IMSS officials.
++ The head of Mexicans First business association, Claudio X González, demanded that talks between the Interior Secretariat and the CNTE be public because if they are behind closed doors it is not clear what agreements are reached.
++ The Energy Secretary, the deputy Income secretary at the Finance Secretariat and the Federal Electricity Commission chief will appear before the Permanent Congressional Committee on August 9 to explain the hikes in gasoline and electricity rates.