The president signed this bill on the tax reform of income on Tuesday
The president Luiz Inácio Lula da Silva (PT) signed this Tuesday 18, the bill of the reform of Income taxwhich provides for the exemption from the expenses for those who earn up to R $ 5 thousand per month, in addition to the minimum tax for high income people. During the ceremony of the signature of the proposal, the president stressed that the exemption is to make a social repair.
“What we are doing is a repair. We are asking the Brazilians to earn more, people who live in dividends and have never paid income tax, people who earn millions and millions and often find a way to pay for income tax, we are saying: people will increase the level of living of the Brazilian people […]. It is a great gesture of politics that shows the Brazilian society that is more useful than being a denialist.
“[O projeto] He won’t hurt anyone, he won’t make anyone poor. It will not make those who contribute to stop eating meat, salad, prawns, lobster, filet mignon. But it will allow the poor to eat some meat, “added the president during a ceremony in Planalto Palace.
Lula also stated that the project is balanced from the tax and neutral point of view from the point of view of the collection, strengthening the speech of the Finance Minister Fernando Haddad. “This project does not increase a penny in government income. What will increase are a few hundred cents in the pocket of the poor Brazilians so that they are more citizens than they are today,” said Lula.
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In case of approval of the project by the Congress, 20 million Brazilians will be entitled to exemption from income tax, according to the Minister of the Secretariat of Institutional Relations, Gleisi Hoffmann, who also participated in the project ceremony in the Planalto Palace.
In the campaign in which he was elected for a third term, Lula promised the exemption of income tax for those who earn a salary up to $ 5,000 per month. Since it was not approved last year, the proposal will not be valid for the calendar year of 2024. Today, the exemption is valid for those who receive up to $ 2,824 per month.
To exempt those who earn up to $ 5,000, the government’s proposal is to compensate for the highest tax for those who earn above R $ 50 thousand per month. The government’s expectation is that the project will be approved at congress in time so that the exemption is valid in 2026.
Source: Terra
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