"Shameful maneuver," denounces Lindbergh after the Chamber's decision on the provisional measure that compensates for the IOF tax.
In an alarming tone, the PT leader stated that the Chamber 'prefers to defend billionaires, banks, and bettors'.
247 - The leader of the Workers' Party (PT) in the Chamber of Deputies, Lindbergh Farias (PT-RJ), criticized members of Congress after the decision that overturned the analysis of Provisional Measure 1303, which would have taxed income from financial investments and sports betting, to compensate for the repeal of a decree that provided for an increase in the Tax on Financial Operations (IOF). There were 251 votes in favor and 193 against the proposal.
"Congress has just embraced the title of enemy of the people! A shameful maneuver by those who prefer to defend billionaires, banks, and bettors instead of the Brazilian people. But the fight is not over, let's fight! It's time to defend public policies and the real Brazil!", the congressman wrote on social media.
The original version of Provisional Measure 1303, rejected by Congress this Wednesday (8), provided for taxation on large fortunes, banks and sports betting houses as a strategy to reinforce federal revenue.
The text established tax rates between 12% and 18% on the gross revenue of betting companies, in addition to including financial investments such as Agribusiness Credit Notes (LCA), Real Estate Credit Notes (LCI) and Development Notes (LCD), as well as interest on equity, in the tax base.
In the government's initial estimate, the potential revenue would reach R$ 10,5 billion in 2025 and R$ 21 billion in 2026. However, after negotiations in Congress, the projection was reduced to R$ 17 billion.
Fiscal impact and spending freeze
The projected amounts would be incorporated into the Budget to help meet the primary surplus target, set at R$ 34,3 billion for 2026. With the rejection of the Provisional Measure, the government is expected to adopt new spending cuts as early as 2025, which may include parliamentary amendments.
According to calculations by the economic team, the potential revenue loss from overturning the measure could reach R$ 35 billion in 2026, increasing the need for fiscal adjustments next year.
