The federal government asked the National Congress on Monday (5) withdrawing the urgent demand from the draft law that expands the scope of income tax exemption for those who earn up to $ 5,000.
Under urgent, projects can go directly to the general vote without passing the committees. In this type of treatment, the camera has up to 45 days to vote on the text. If this does not happen, the agenda is closed, meaning that nothing else can be voted until the urgent project is estimated. This deadline ended last Friday, May 2, for the infrared project.
according to anticipation CNNThe urgency removal with the mayor, Hugo Motta (Republican-PB), was seen to enable a A special committee for analysis From the proposal. This committee is scheduled to be installed on Tuesday (6).
S. Bell, which modifies infrared rays He was sent to Congress at the end of March, along with a request to accelerate procedures.
With the withdrawal of urgent demand, the process will be discussed by the Special Committee, which has a temporary nature and will be created only for this purpose. The council may make changes to the project. More excerpts are related to how to compensate for the loss of revenue.
Infrared
President Luise Anusio Lula da Silva (PT) was sent to the National Congress in March, a bill that expands the income tax exemption for those who earn up to $ 5 million and reduce the tax occurring for those who receive from $ 5,000 to $ 7,000 per month.
This procedure is one of the promises of Lula’s campaign and has progress in the context of a decrease in popularity in Petista administration, including the middle class, which has benefited from the initiative.
According to the Ministry of Finance’s expectations, the initiative represents a resignation of $ 25.84 billion from the union’s revenues. To compensate for the loss, the government suggested setting a minimum tax level of those who earn from 50 thousand dollars per month, which is equal to 600 thousand dollars annually. The rate will gradually increase until it reaches the maximum value of 10 % for those who have an income of more than $ 1.2 million per year.
* With information from Bazilia Rodriguez