Argentina’s New President Milei Wastes No Time In Cutting Taxes

Argentina's incoming President Javier Milei stands next to Vice President Victoria Villarruel after their swearing-in ceremony at Congress in Buenos Aires, Argentina, Sunday, Dec. 10, 2023. (AP Photo/Natacha Pisarenko)

Self-described anarcho-capitalist Javier Milei was sworn into office as Argentina’s newly elected president on Sunday.

Milei wasted no time in rallying his new constituents together to save his country’s economy. During his inaugural address, the newly sworn in president declared the South American country would have to make spending cuts.

“We don’t have alternatives and we don’t have time,” Milei told a crowd of thousands in the capital, Buenos Aires, according to the Associated Press. “We don’t have margin for sterile discussions. Our country demands action, and immediate action. The political class left the country at the brink of its biggest crisis in history. We don’t desire the hard decisions that will need to be made in coming weeks, but lamentably they didn’t leave us any option.”