Initially, the government expected to raise R$ 20 billion with the MP, but the projection was reduced to about R$ 17 billion after setbacks, according to the rapporteur, deputy Carlos Zarattini (PT-SP). Centrão leaders and representatives of agribusiness resisted supporting the proposal, arguing that the MP suffered from an original problem, which is offsetting the desired tax revenue with the increase in the IOF, which was overturned by Congress.
Chamber imposes defeat on Lula government and overturns alternative MP to IOF with tax increase
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