Chile’s Young President Sees Policies at Risk by Tax Defeat (1)

With three years left in his term, Chilean President Gabriel Boric is already facing doubts on whether he’ll be able to advance on any key reforms after receiving a crushing blow near his first anniversary as the world’s youngest leader.

The chamber of deputies rejected a tax bill on Wednesday that would have financed social programs to reduce inequality and boost social services — the key policies that swept Boric into office in the recent wave of leftist victories in Latin America.

Now the 37-year-old president has to decide whether to present the bill to the senate, where it will ...