Milei’s party gets Bases Law approved
![Milei's party successfully passes Bases Law — MercoPress 1 The bill is now ready to be signed into law](https://en.mercopress.com/data/cache/noticias/100268/760x480/diparg.jpg)
The bill is now ready to be signed into law
Argentina’s Lower House passed the Bases Law bill by 147 votes to 107 and 2 abstentions granting President Javier Milei the tools he needs to rescue the country. The bill had to go through a series of modifications in the Senate before finally being approved.
The key points of the new legislation include the reinstatement of the Income Tax for certain workers and changes to personal assets levies. Despite dropping plans to privatize key sectors, the law is seen as a crucial step towards economic growth and development.
The measure is expected to face legal challenges due to amendments to the Personal Property tax. The passing of the bill was a significant achievement for the administration and was supported by various political parties.
Overall, the Bases Law marks a milestone for Milei’s party and sets the stage for potential economic reforms in Argentina.