Chilean Congress Agrees on Tax Reform
SANTIAGO — Chile’s coalition Government has approved the agreement reached in the Joint Committee to move forward on national tax reform.
The legislation will reform the tax code, favoring lower salary brackets and the creation of an Education Fund. Taxes on tobacco will also be increased. In total, the project will bring in $400 million, which will increase investment in public education with an additional $138 million for public universities.
In the Chamber of Deputies, the initiative achieved 76 votes in favor, 29 against, and five abstentions. All members of the Socialist Party, seven parliamentarians from the Christian Democrats, five representatives of the Radical Party and two PDP members voted against the initiative to express their dissatisfaction with the agreement reached on Monday night.
Student leaders unanimously claim that this reform changes little. They claim that the country is still biased towards private education, there are many other bills to discuss, and they will continue to mobilize.