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Gustavo Petro takes office in Colombia.

REUTERS/Luisa Gonzalez

Hard Numbers: Petro aims for trillions, killings of Muslims rattle Albuquerque, Benin bronzes go home, Latinos ditch Democrats

25 trillion: Just a day after being sworn in, Colombia’s new President Gustavo Petro, the country’s first leftist head of state, unveiled a tax proposal to raise 25 trillion pesos (about $5.75 billion). As we wrote recently, Colombia needs firmer fiscal footing overall, but Petro’s own expansive plans to reduce inequality will hinge on his ability to get this reform done. The last time a Colombian government tried to raise taxes it didn’t end well.

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