00:00The Chilean president, José Antonio Cas, presented a controversial tax reform that reduces the corporate tax rate from 27%
00:07to 23%,
00:08among other initiatives that have provoked widespread popular rejection.
00:12The measure brought two protests into the streets, including a bicycle ride in Santiago, the capital of the country,
00:19and gatherings in several municipalities in rejection of the measures of the far-right president.
00:24Experts argue that this proposal benefits large companies while the middle and lower classes suffer from rising fuel prices.
00:31The initiative faces widespread rejection, even within sectors of Cas-owned coalition, due to its fiscal impact in a context
00:38of limited resources.
00:40The proposal comes amid strong political tension, as reflected in the Cadence Orbit,
00:45which reveals that 52% of Chileans consider the government to be worse than expected.
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