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Milei Outlines Tax Cuts, Labor and Trade Reforms to Forge World’s Freest Economy

A sequential mix of tax cuts, labor deregulation, trade openness, cultural reinforcement, geopolitical alignment will secure his reforms.

Overview

  • In a The Free Press interview, Milei set a roadmap that begins with broad tax cuts, moves to labor-market reforms and then opens Argentina further to global trade to drive growth without raising unemployment.
  • He credited his year-and-a-half in office with cutting public spending by 30%, lowering daily inflation from 1.5% and trimming the fiscal deficit from 15% of GDP.
  • Milei reported 5.7% GDP growth in Q1 2025 and nearly 8% in Q2 alongside a poverty rate drop of more than 22 percentage points, lifting about 11 million people out of poverty.
  • The president stressed that economic gains must be backed by a cultural struggle against a self-serving political ‘caste’ and warned of threats from socialism in its communist and ‘woke’ forms.
  • He cast foreign policy as part of domestic strategy by defending U.S. and Israel ties as bulwarks of Judeo-Christian capitalism and criticizing Europe’s ‘woke’ turn.