ARThe Chilean Senate narrowly approved a major economic reform proposed by President José Antonio Kast’s government after 12 hours of debate. The bill, known as the Law for National Reconstruction and Economic Development, includes measures aimed at boosting economic growth through tax reforms, disaster reconstruction efforts, and incentives for investment. Key elements include gradually reducing corporate income tax from 27% to 23% by 2029, increasing housing reconstruction in regions affected by wildfires, and freezing tax conditions for investments over $350 million for 20 years. While the government claims the reform will reduce unemployment to 6.5% within four years and boost annual GDP growth to around 4%, critics argue it reduces state revenue and risks fiscal imbalance if not properly balanced. The reform excludes some progressive proposals previously included in earlier versions and faces strong opposition from leftist groups who view it as regressive.
Bias read (Conservative): The article frames the reform as a positive initiative supported by the government and right-leaning majority in the lower house, emphasizing benefits such as improved competitiveness and economic growth. It highlights government statements celebrating the approval while briefly mentioning criticism
