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Capitolio Nacional de Colombia en Bogotá al atardecer, con su columnata de piedra, la bandera colombiana ondeando y varias personas caminando hacia la escalinata
Fachada del Capitolio Nacional al atardecer, con personas dirigiéndose a la escalinata y documentos con gráficos sobre una mesa en primer plano. · Imagen generada para EPM

Henríquez refuses new taxes in the fiscal rescue bill

Honorio Henríquez warned that he will not support new taxes in the Government's Fiscal Rescue Law, while María Clara Posada questioned the higher health…

--- The context --- The Fiscal Rescue Law presented by the Government of Abelardo de la Espriella seeks to address deteriorating public finances by combining spending cuts, administrative reorganization, investment incentives and measures to increase fiscal revenue. That mix opened a debate over who would bear the adjustment's cost. --- The facts --- The bill was filed in the House of Representatives on October 29, 2026 and must now complete its legislative process. It proposes reducing payroll spending and service contracting costs, and empowering the Executive to abolish, merge or reorganize public entities. It also proposes lowering the corporate income tax rate from 35% to 31%, modifying VAT and withholding at source, and improving revenue collection while stimulating economic activity. --- The positions --- Senate President Honorio Henríquez announced that he will review the bill closely and warned that he will not back articles implying new taxes or greater economic burdens for Colombians. In his view, the adjustment should come from reducing public spending, not from new levies on citizens. Representative María Clara Posada said she would support the austerity measures and investment incentives, but announced her rejection of provisions that, in her interpretation, would increase the economic obligations of workers and middle class households. She questioned the rise in the employee health contribution from 4% to 8%. Posada also objected to changes in exempt employment income, the wider income tax base and more products and services taxed at the general VAT rate of 19%. Gabriel Vallejo reiterated that Centro Democrático defends a smaller, austere State with lower taxes. Christian Garcés backed several components on spending reduction and incentives, although he pointed to the need to study the content in detail. The Government has defended the initiative to reduce the fiscal deficit, contain debt growth and improve state efficiency. --- What remains unknown --- It is still unknown which articles will keep their wording or what support each provision will gather in Congress. --- Unanswered questions --- Which tax articles will achieve consensus between the Government and Centro Democrático? How would revenue be offset if the questioned levies are withdrawn from the bill? What will happen to the health contribution and to the income tax base? --- EPM analysis --- The clash is not over whether spending must be controlled, a point where several sectors agree, but over the tax component, where the known objections are concentrated. 📌 EPM Take: In EPM's view, the debate draws a clear line between two paths to ordering public finances: adjusting first the size and cost of the State, or asking for an additional effort from workers, households and consumers. The known objections do not reject austerity or incentives, but the concrete levies that would reach citizens' pockets. That is why the decisive discussion will be article by article, measuring the impact on companies, workers and households before any final vote.
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