Miguel Vargas (politician)

On 28 January 2007, Vargas Maldonado beat his opponent Milagros Ortiz Bosch, with about 80% of the votes, thus becoming the official candidate of the PRD to the Presidency of the Republic for the elections of 16 May 2008.

Vargas Maldonado said that, if elected president in 2008, would cut taxes in order to boost the economy. Grant 50% of charges of public administration to women, and increase spending on social investment. His election campaign was based on his proposals to deal with pressing problems of the Dominican people as unemployment, crime, homelessness and high tax rates, as well as criticism of the government administration of President Leonel Fernandez Reyna (2004–2008 ).

In the elections of 16 May 2008, voting for the PRD candidate with Vargas as obtained rose 33% in 2004 to 41% in 2008. However, he won by the PLD candidate and candidate for reelection, Dr. Leonel Fernandez, with over 53% of the vote.

On Sunday 7 June 2009 Miguel Vargas was elected by the Political Commission of the PRD as party president. The election was decided by 244 votes in favor. Perredeísta membership of that body at that time was 312 people.

Chaired by Miguel Vargas, the PRD attended the congressional and municipal elections on 16 May 2010. Although the result in terms of votes absolutes improved from the last election, no seat was achieved in the Senate . However, enrollment of deputies and mayors increased, which was considered a breakthrough by the PRD.

On 6 March 2011 was held a convention where Vargas competed against former president of the Dominican Republic Hipolito Mejia, the official candidacy for president. In a closed dispute, the convention Mejia won with 53.30% against a 46.70%. The loser pre-candidate Vargas, claimed that some records in his favor were not counted, and other members of opposing parties, as the PLD and PRSC, could vote at this convention not having been excluded from the list of voters.

In his sworn statement of assets 2011 to run for the presidential candidate for the PRD declared a heritage of more than 100 million pesos.[3] In January 2014 was the subject of controversy when it was discovered that received a loan from the Banco de Reservas on 13 December 2011 for $15 million, well above the equity amount Vargas said owning earlier this year, although the offered guarantees were previously rejected by the management of the Bank Valuations.[4] Members of his party insinuated that the loan, which was approved in eleven days, would be related to Vargas Maldonado's refusal to participate in favor of the party's presidential candidate Hipólito Mejía in the election campaign 2012.[4]

He is currently president of the PRD. He is also president of the "Socialist International for Latin America and the Caribbean" and, since 2013, vice president of the International Socialist worldwide.