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As part of President Enrique Peña Nieto’s economic reforms in Mexico, the federal value-added tax in regions within about 12.5 miles of the border was raised this year to 16 percent from 11 percent, matching the rest of the country. As a result, economists and local government officials in Texas are eyeing millions in additional dollars being spent by Mexican residents who are willing to cross the Rio Grande to save on items from toilet paper to electronics.
Filed undernews, politics & government, border, business, local, arizona, nation/world, mexico/latin america, breaking, Texas Tribune,
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