Franco Parisi Forces Tax Rebates Into Kast's Economic Bill After 3rd-Place Finish
Updated
Updated · Bloomberg · May 12
Franco Parisi Forces Tax Rebates Into Kast's Economic Bill After 3rd-Place Finish
1 articles · Updated · Bloomberg · May 12
Franco Parisi has leveraged his party’s votes on President José Antonio Kast’s flagship economic bill to force the government to accept targeted tax rebates and other populist measures.
A Finance Ministry meeting last Thursday exposed that leverage: Parisi said he confronted Finance Minister Jorge Quiroz after officials backed away from the rebate deal tied to his support.
The episode underscores how Parisi — who finished third in Chile’s presidential election last year — has emerged as a pivotal operator despite holding no top office.
For Kast’s government, the standoff shows its economic agenda depends on bargaining with an outsider whose backing now comes at a clear policy price.
With his flagship bill stalled, is President Kast's right-wing agenda being held hostage by a populist rival?
As Chile's government slashes social programs, can a populist kingmaker force it to deliver promised tax rebates?