Chile's Senate will vote in detail on the reconstruction and economic reactivation bill this Wednesday at 15:00 hours. The government seeks to secure necessary support amid ongoing negotiations with allies and questions for ministers.
Interior and Segob biminister Claudio Alvarado called on PPD senators to back the agreement reached with the Executive. He highlighted the 1.5% surcharge for investments under the tax invariability regime, which would generate an additional US$750 million in steady state to distribute to municipalities.
Alvarado defended Finance Minister Jorge Quiroz after the withdrawal of an indication on the corporate tax. He stated it was a misunderstanding and that “Minister Quiroz will never act in bad faith”. Segpres Minister José García Ruminot also backed Quiroz and ruled out cuts to the fuel tax for fiscal reasons.
Independent senator Matías Walker voiced concerns over compensation to the Common Municipal Fund due to the property tax exemption for those over 65. The opposition confirmed it will turn to the Constitutional Tribunal over tax invariability and environmental issues. The Executive promised urgency next week to a PDG-backed bill on medicines and diapers.
