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Pena Nieto’s PRI Said to Propose Watered Down Mexico Tax Bill

Lawmakers from Mexican President Enrique Pena Nieto’s party are seeking to remove from his tax bill new levies that the opposition calls an attack on middle-income families, two people with knowledge of the changes said.

Lower house legislators want to scrap value-added taxes Pena Nieto proposed for private education tuition, home rentals and mortgage interest, among other changes, the two people said. The lawmakers are seeking approval from the government to implement the changes during debates in Congress, according to one of the people. A draft of the proposal obtained by Bloomberg shows they back measures to raise the sales tax in areas that border the U.S. to 16 percent from 11 percent.