A call for austerity not taxes

[NewsWhore]

Amcham president Kevin Manning and Jesus Moreno, the head of the Herrera Industrial Association (AEIH), are calling on the government to impose austerity measures instead of more taxes. Manning told El Caribe reporter Alexander Pena that new taxes would only reduce the Dominican Republic's competitive capacity just as it is about to enter a free trade agreement with six other nations. Both Manning and Moreno agree that a new tax burden is "unnecessary" in order to fulfill the commitment with the International Monetary Fund (IMF). Moreno said that "the government can fulfill its budget commitments by making a real effort towards austerity and efficiency in its spending." Both men spoke at a meeting called by the AEIH that featured "Free Trade, the Environment and Competitiveness" as the central theme.

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