With 349 votes in favor and 128 against, the Chamber of Deputies generally approved the 2026 Income Law, which contemplates a budget of 10.1 billion pesos.
Mexico City, October 17 (However).- The Chamber of Deputies approved by majority the opinion of the Revenue Law 2026 In general, the same thing that contemplates a budget of 10.1 billion pesos for next year, as well as an increase in taxes a soft drinks, cigarettes y video games.
The project was endorsed by 349 votes in favor, contributed by legislators from Morena, Labor Party (PT) and Green Party; with 128 against, from the bench of National Action Party (PAN), Institutional Revolutionary Party (PRI) and Citizen Movementand 0 abstentions.
After the approval of the initiative by the plenary session of San Lázaro, its discussion continues in particular and, once endorsed, it will be sent to the Senate of the Republic for discussion and voting, which must occur before October 31.
📘 Did you find out? The #ChamberofDeputies approved, with specific changes, the opinion that reforms the Federal Tax Code. It was sent to the Senate of the Republic.https://t.co/EelRxG9Jzx
— H. Chamber of Deputies (@Mx_Diputados) October 16, 2025
The Income Law 2026 was approved in the Chamber of Deputies after an extensive session, during which Morenoist legislators, along with their allies, exchanged accusations with members of the opposition, in addition to demonstrations with banners and multiple interruptions.
The economic package endorsed in San Lázaro estimates that by 2026 the Federal Government will collect more than 10 billion pesos, of which. 5.8 billion pesos will come from the increase in the Special Tax on Products and Services (IEPS) that will be applied to sugary drinks, tobacco products and video games with violent content.
The initiative authorizes the Executive, headed by President Claudia Sheinbaum, to contract and exercise credits for an amount of net debt of up to 1.8 trillion pesos, which is equivalent to 52.3 percent of the Gross Domestic Product (GDP).
During the discussion, Morena and allies defended the ruling, pointing out that the “Income Law guarantees the necessary resources to finance social programs, consolidate works and investment projects,” according to Morena member Carol Antonio Altamirano, president of the Finance Commission of the Chamber of Deputies.
For its part, the opposition proposed, among other things, that a good part of the collection of 10 billion pesos contemplated by the Law will come from public debt, even becoming the highest debt in three decades.
Such was the case of PAN legislator Éctor Jaime Ramírez Barba, who pointed out that the Income Law will not help improve tax collection. “Only 16 percent of the economically active population pays taxes regularly and 17 percent of VAT is evaded with impunity. And what is this Government doing to correct it in this law? Nothing,” he stated.