The victory of Argentine President Mauricio Macri's ruling coalition, Cambiemos, in elections Oct. 22 cleared a path for economic proposals that will gradually liberalize Argentina's economy. But the reform efforts will still face strong political opposition. Undeterred, Macri announced Oct. 30 that his government will present proposals this week for tax, labor, and pension reforms . Simplifying Argentina's tax system to stimulate investment is the first task Macri plans to tackle. The president said his tax reform proposals will reduce taxes for companies, while increasing taxes on profits gained by individuals on government bonds. But while Macri's tax reform has a decent chance of passing Congress, passing pension and labor reforms will be more difficult against pushback from politically influential labor unions . Despite Macri's legislative gains in the recent election, Congress may have to implement the controversial labor and pension reforms through piecemeal legislation.