Chile’s President Pitches Flagship Economic Bill to Voters (2)

Chile President José Antonio Kast detailed legislation that’s the bedrock to his economic policies late on Wednesday, ahead of what will likely be lengthy debate and voting in the nation’s divided Congress.

The proposal, which will be sent to Congress in the coming days, features an investment statute that guarantees tax rates, a gradual cut to levies paid by medium and large companies to 23% from 27%, a subsidy for formal employment and an expanded emergency reconstruction fund following wildfires in parts of the country’s center-south. The bill has more than 40 measures, Kast said.

The goal is to propel ...