He also announced that the Ministry is considering sharply reducing personal income tax deductions, allowing deductions from a coffee maker to a mortgage loan payment. According to his explanation, "this encourages people to ask for receipts and formalizes the economy, which is what we want to achieve with labor reform."
Additionally, Caputo revealed that a new job creation regime is being studied, very advantageous for employers: "Argentina hasn't created jobs since 2011. To lower taxes, we need the country to grow. Raising taxes isn't an option. If the base grows, we all have more resources to lower taxes."
In another passage, the minister called for rationality from the opposition and pointed directly at Kirchnerism: "I would like to see a much more rational Peronism and for the alternative in 2027 not to be capitalism or communism. Kirchnerism has already had many opportunities. It can't continue to be the national alternative."
In the same vein, he praised President Javier Milei's international profile, highlighting the impact he has had on the world since his first appearance in Davos: "On the first trip to Davos I said that Javier was a global figure, an important pole of attraction. But now the admiration factor has been added. Today, businesspeople and politicians around the world feel admiration because the results support him."
Caputo also urged governors to support the Government's reforms in Congress: "If they support the reforms, we will grow strongly, and the country will collect more. The provinces benefit much more from the increase in revenue thanks to economic growth."
Finally, the minister confirmed that Argentina will seal a trade agreement with the United States: "The deal is already ready and will be announced by the U.S., which has several negotiation fronts open. It is a very beneficial agreement for both countries and, definitely, for ours."
With an optimistic tone, Caputo concluded: "Argentina has the potential to grow steadily. We return that money to the people through tax cuts, the opposite of what has been done over the past 16 years."
