Presidents of the House and Senate talked to the Minister of Finance and said that an alternative tax is required; Find out what was proposed and talked
Chamber Presidents Hugo Motta (Republicans-PB), and Senate, David Alcolumbre (Brazil-AP Union), gave a 10-day deadline to Finance Minister Fernando Haddad to revoke measures to increase the IOF (Tax on Financial Operations). If by the beginning of the week of June 9 nothing is done, Congress will put a legislative decree project that nullifies the measure of the economic team.
The conversation was on the night of Wednesday (28.MAI.2025), at the official residence of the mayor. Also present were the Minister of Institutional Relations of the Planalto Palace, Gleisi Hoffmann (PT), the executive secretary of the Ministry of Finance, Dario Durigan, Senate government leader Jaques Wagner (PT-BA), Government leader Randolfe Rodrigues (PT-AP), and House government leader, José Guimarães (PT-CE).
“We said that not to say that we do not want to collaborate with the government, that we will give a deadline for the economic team to study alternatives. In 10 days they can present an alternative. We do not want to disturb, but we need a solution. It will be about 10 days of waiting.”said Hugo Motta to Poder360 in a telephone interview this Thursday (29.mai.2025).
Among the alternatives discussed – a view to Haddad solution – are taxing companies, BETS, increasing taxation on fintechs and more structuring measures. “We have to have something structuring and not gambiarras all the time to increase the collection. We have to review tax exemptions, we have to discuss revenue linking [gastos obrigatórios e às vezes excessivos e desnecessários em algumas áreas] and vote on administrative reform [que melhora a eficiência do Estado e melhora o desempenho do serviço público]. This is what the country wants ”said Hugo Mota, citing that he spoke yesterday during the conversation with Fernando Haddad.
Power360 – What Mr. And Senate President David Alcolumbre said Minister Fernando Haddad about the increase in IOF’s rates?
Hugo Motta – We told him that there is wide dissatisfaction with the measure. If we guide the PDL vote today [projeto de decreto legislativo] which proposes to nullify this increase in IOF there is real chance that the text is approved. Even more in the Senate than in the House.
How did they explain to him the conjuncture?
We said we want to help the government, we want to help the Ministry of Finance: “We help approve its entire agenda, but no one understood its criticisms of Congress that has never been lacking since Mr. took office.” We were always correct. But this measure [do IOF] It arrived at a time when there is exhaustion to increase taxes, after so many already adopted by the government.
And how did Haddad answer?
He exposed a number of effects that would occur, such as a shutdown of the public machine, which would run out of resources.
Have you even given Haddad to present a solution before Congress voted for this legislative decree?
Yes. We said that not to say that we do not want to collaborate with the government, that we will give a deadline for the economic team to study alternatives. He didn’t seem to see exits, but said he would make an effort with the economic team to speak again. Next week Brasilia will be a little emptied because of the BRICS meeting here. Then we will decide until the beginning of the other week what to do. Nor do we make a commitment not to appreciate the Legislative Decree project. In 10 days they can present us with an alternative. We don’t want to disturb, but we need a solution. It will be about 10 days of waiting.
Mr. And David Alcolumbre and Fernando Haddad himself talked about what the alternatives can be?
We have to have something structuring and not gambiarras all the time to increase the collection. We have to review tax exemptions, have to discuss revenue linking [gastos obrigatórios e às vezes excessivos e desnecessários em algumas áreas] and vote on administrative reform [que melhora a eficiência do Estado e melhora o desempenho do serviço público]. This is what the country wants.
Taxing bets, bets, would be a solution?
I think it can be. It has bets. There are fintechs. FEBRABAN [Federação Brasileira de Bancos] brought a series of such measures to us. Fintechs pay fewer taxes than banks, according to Febraban. It’s that business: when you press CSLL [Contribuição Social sobre o Lucro Líquido, imposto pago pelos bancos] And they are called to divide the account there seek other actors to share the part that fits them.
What was the tone of yesterday’s conversation with Haddad?
He spent his point of view. We passed ours. It was a respectful conversation, as it should always be.
The other gifts, Gleisi Hoffmann, Jaques Wagner, Randolfe Rodrigues and José Guimarães also explained to the minister what is the conjuncture in Congress?
Yes, everyone spoke. They were very accurate to report the situation of both houses. It was clear that if the PDL were placed in voting, it would pass the House and Senate.
