Chile's Markets Are Euphoric. Its President Can't Pass a Law.
José Antonio Kast won Chile's presidency with 58% of the vote and immediately unveiled the most ambitious pro-investment reform package in years — corporate tax cuts, a payroll credit for SMEs, legal guarantees for investors. The stock market hit record highs the day he took office. But Kast controls neither chamber of Congress, and economists are already calling his signature tax measure dead on arrival.
By Catalina Ramos|23 hours ago
