That debate began on Tuesday in the country's lower house.

The government backed bill is seeking to raise $3.75 billion through a flat tax on Fortune's larger than $2.5 million which amounts to about 12,000 individuals hit by the 2% tax.

Money raised by the tax is to be used to buy health equipment, fund welfare programs and provide loans to small to medium sized businesses to increase employment.

Demonstrators in Buenos ideas marched to Congress and supported the bill there.

Signs voiced their support tax the rich already.

But one lawmaker believed that the tax would be bad for the economy.

My thing is a bad economic policy decision.

It is a bad decision to separate the Argentines who have the vocation to carry this country forward, While other lawmakers say the nation's wealthy can afford to pay a flat tax thing, this is necessary to pay emergency family income on normal salary.

We pay the salary of many workers from these big companies that will have to pay now let them pay back a little bit of the aid that the state has given them.

If passed, the bill will move to the Senate and is expected to be considered by the end of the month.