Law 154 which imposes a temporary excise tax on overseas sales by major corporation over 6 years in a declining scale beginning at 6% which may be taken by affected corporation as a credit on their federal tax returns, on 31 January 2011, Fortuño signed Law 1 of 2011, the new Internal Revenue Code that provides, retroactive to 1 January 2010, tax relief including a 50% tax cut for individuals and 30% for businesses, beginning with a 7–14% tax cut for individuals and a 7% tax cut for businesses effective during tax year 2010. Due to cost-containment and revenue generation measures, fiscal year 2009-10 ended with a $2 billion structural deficit, followed by a $1 billion structural deficit in 2010-11, $610 million in fiscal year 2011-12, $332.7 million in 2012-13, with a goal of achieving a structurally balanced budget by 1 July 2013. Residente comments On 15 October 2009, Calle 13 won the Premios MTV Latinoamérica for "Best Urban Artist". Pérez hosted the ceremony, and used this exposure to insult Puerto Rican governor Luis Fortuño and comment about a civilian general strike that was organized earlier that day, held to protest the firing of more than 25,000 public employees by Fortuño's administration. Pérez generated much controversy after referring to Fortuño as an "hijo de la gran puta" The phrase is commonly translated as "son of a bitch"; in Spanish it is an insult to the person itself, equating to "bad person". Rumored potential candidacy for national office Governor Fortuño was mentioned more than once as a long-shot potential candidate for nomination for president or vice president in 2012 and his frequent campaign trips to the mainland during the 2010 congressional races have been linked to potential national aspirations. George Will endorsed Fortuño's support for statehood as a national Republican strategy. On 26 June 2011, he announced in Bayamón that he would seek a second term as Governor of Puerto Rico. In interviews he said that he would not aspire to a national office in 2012. More recently, Republican consultant Roger Stone mentioned Fortuño as a potential vice presidential nominee to win Hispanic American votes in 2012. In 2012, his name has continued resonating for national office. Fortuño was included in an occasional vice presidential "short list". In August 2012, Politico reported that Fortuño "is liked and trusted in the Romney campaign" and "Commerce or Interior are possibilities" for Fortuño in