Key Facts

—The vote. Chile’s Senate approved President Kast’s economic reform in general by 26 to 23, with one abstention.

—The margin. Twenty-six was the exact minimum needed, with every yes vote coming from the government side.

—The core. It would cut the corporate tax rate from 27% toward 23%, phased over several years.

—The flashpoint. A 25-year tax-stability guarantee for big investments faces possible constitutional challenge.