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Milei Government Revives Consejo de Mayo, Opens Tax Talks and Advances Labor Overhaul

The push follows calls to improve governability that Argentine officials say are tied to prospective U.S. support.

Overview

  • Chief of Cabinet Guillermo Francos chaired a new session at the Casa Rosada with governors, unions, business leaders and lawmakers, including Federico Sturzenegger, Alfredo Cornejo, Carolina Losada, Cristian Ritondo, Gerardo Martínez and Martín Rappallini.
  • The council moved forward on long-planned labor changes and, for the first time in this series, held substantive talks on a tax reform aimed at simplifying the system and reducing distortionary levies.
  • Participants agreed to keep negotiating sector proposals with the goal of delivering a consensus document by December 11 for submission when the newly elected Congress takes office.
  • Expanded invitees included Treasury Secretary Carlos Guberman, Labor Secretary Julio Cordero, legislators Luciano Laspina, Lisandro Nieri and Martín Kerchner, and UIA economists Diego Coatz and Carlos Abeledo.
  • In parallel, Javier Milei reestablished contact with Mauricio Macri as the government seeks PRO and provincial backing after recent congressional defeats, while officials have linked a reported U.S. Treasury support package of about US$20 billion to demonstrable improvements in governability.