🏛️ Unanimous income tax reform

In a rare moment of unanimity, Brazil’s House approved a government-sponsored bill to raise the income tax exemption to BRL 5,000 a month (USD 940) and install a minimum effective tax rate for high earners.

The measure had been widely expected to pass, but its across-the-board support reflects a Congress eager for a positive news cycle after large protests against lawmakers’ recent self-dealing moves. Even the far-right opposition supported a bill that could massively benefit President Luiz Inácio Lula da Silva and improve his re-election odds.

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