The mayor of Villalba, Luis Javier Hernandez Ortiz, is very worried about the possible approval in the United States Congress Tax Reform of President Donald Trump, since it would mean the loss of thousands of jobs in the event of the possible relocation of the biggest company in Villalba called Medtronic , which generates more than 1,500 direct jobs and injects millions of dollars into the economy of the municipal council.
Given this worrying situation, Hernández Ortiz will travel to the federal capital to hold meetings with several key congressmen in the approval of the Tax Reform and in this way to express how dangerous and disastrous it would be for the economy of the municipalities to approve this law.
“I am extremely concerned with the possible approval of this Tax Law in the United States Congress, because history could be repeated when the section 936 was eliminated and thousands of jobs and millions of dollars in income were lost to the economy of our island. This time we are on the verge of what happened in the 90’s and Villalba could lose thousands of jobs and millions in income, it would be disastrous, “said Hernández Ortiz through written statements.
Likewise, the mayor will hold another meeting with the resident commissioner in Washington, Jenniffer González, to discuss several issues in addition to the possible approval of the Federal Tax Reform.
Currently in Villalba, Medtronic, one of the most important companies in the southern region to offer jobs to more than 1,500 people and represents the main income to the municipal economy. If the Federal Tax Law is approved, Villalba would lose jobs and injection to the economy of this city, which is millions of dollars, will stop.
The mayor of the city said that the moment is historic and sad, because “in addition to what the state government is taking away from the municipalities”, now there is the possible approval of a federal law that would be the economic disaster for many in the island.
“We are going to give this battle without rest, for our people, for our economy and for Villalba. This endangers thousands of jobs in our city and the finances of the municipality in general are in danger “, concluded the municipal executive.