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After Tax Reform Triumph, Chile's President Faces Rockier Road

Chilean President Michelle Bachelet has chalked up her first political victory since returning to power as Congress approved a key tax reform, but she faces an uphill struggle to make good on other promises. On Wednesday evening, Chile's Congress, which is controlled by allies of the center-left Bachelet, approved a bill that raises corporate taxes in order to pay for an ambitious package of social reforms, including a planned overhaul of the education system. But those reforms are...

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