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PRI Approves Bylaw Changes on Taxes, Universal Reports

(Corrects headline to say PRI.)

Feb. 23 (Bloomberg) -- Leaders of Mexico’s ruling Institutional Revolutionary Party approved changes to its bylaws that would allow for taxes on food and medicine, according to El Universal newspaper.

The daily said that changes were agreed to by members of President Enrique Pena Nieto’s party to an internal document called the Action Program, removing language that prevented the PRI from considering a value-added tax on those goods.

Tax and energy reforms are “practically approved” by the party, Cesar Camacho, national head of the PRI, is quoted as saying in the article.

To contact the reporter on this story: Ben Bain in Mexico City at bbain2@bloomberg.net

To contact the editor responsible for this story: Sylvia Wier at swier@bloomberg.net

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