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Reuters
Reuters
Business

Ecuador's embattled president launches proposal to cut taxes

FILE PHOTO: Ecuadorean President Guillermo Lasso speaks during a press conference with Costa Rican President Rodrigo Chaves (not pictured) in San José, Costa Rica. March 1, 2023. REUTERS/Mayela Lopez

Ecuadorean President Guillermo Lasso, facing a fresh push to oust him from power, announced on Thursday a proposal to cut tax for middle-income earners and small businesses, but the bill faces long odds due to deepening political instability.

The proposal from the conservative former banker was sent to Congress, where he lacks majority support, using a fast track procedure that could see lawmakers vote on it within 30 days.

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