Minister does not speak of expenses, says that a way out of the IOF is to resort to the Supreme and that it will need “for everyone” cuts or find “new revenue”
Finance Minister Fernando Haddad again threatened Congress with the freezing of the payment of amendments to the budget made by deputies and senators. This will be one of the responses of the government of President Luiz Inacio Lula da Silva (PT) to the defeat suffered by the Planalto Palace in Congress, with the overthrow of the decrees that raised the collection of IOF (Financial Operations Tax).
Other measures after IOF’s fall are, in Haddad’s words, to go to the Federal Supreme Court to try to annul the congressional decision, to find “New Revenue” (ie some other type of tax to be charged) and cuts “For everyone” –Ain are included in budget amendment cuts.
The minister made these statements to the newspaper S.Paulo Folha. It was the 4th interview he gave to the vehicle since his arrival at the farm. Already gave 2 interviews to UOLinternet portal and the same group as Sheet –Cuja main company is Pagbank (former PagSeguro), a bank that acts strongly in the area of payment machines.
In the interview with the São Paulo newspaper, Haddad has neither said nor was asked why the PT federal government, which has been in power for 2 and a half years, has not been effective in doing better management of public spending. The minister listed a series of measures that are about to be taken, but did not explain why it took 2 and a half years until this began to be considered.
For example, in the case of the largest federal social program, Bolsa Familia, there are recurring evidence of known and never fought fraud – as about to receive the money. Only then would be more than $ 11 billion of economy per year. It is more than the government wanted to raise the IOF.
The minister at one point in the interview said he was surprised by the defeat of the Planalto in Congress. “I don’t know what happened ”he declared. The holder of the farm was not asked, however, on how the president of the House of Representatives, Hugo Motta (Republicans-PB), was left, leaving the politician unanswered for several days about suspending part of the IOF decree.
On May 31, 2025, Motta asked Haddad publicly that – when companies sell their receivables to make working capital. The Finance Minister never responded and created an embarrassing situation for the mayor. Haddad’s gesture of discourtes has increased the impression that deputies have him: an arrogant person who doesn’t react well when he really needs to negotiate.
In a mild conversation with journalists at SheetHaddad repeated what yesterday was propagated by all the governors: the Planalto will try in the Supreme to overthrow the congressional decision on the IOF: “In the opinion of jurists [sic] of the government, [a decisão do Congresso que derrubou o decreto do IOF] It is flagrantly unconstitutional ”said the minister.
Argued that judicializing would be something natural and constitutional: “Being a legal prerogative, nor should we offend ourselves when a veto is overthrown and neither Congress can be offended when a measure is considered by the executive inconsistent with the constitutional text.”.
The minister either was asked by Sheet On why (the total score was 383 votes tells the IOF and 98 in favor).
At one point, Haddad repeated the litany that has been usual in the Lula administration: “We are arguing that the rich who does not pay tax will pay”.
None of the interviewers of the São Paulo newspaper asked the minister about the impact that IOF would have on the millions of low -middle class Brazilians, the remedies, who buy “Blouses” on international sales sites. The tax proposed by Haddad focused on international credit cards, used in the outsides abroad of up to $ 50.
The minister also repeated an argument that is controversial about rich not paying taxes. “We are arguing that the rich that does not pay tax will pay. I do not consider it normal one of the ten most unequal countries in the world to accept that those who have more than $ 1 million annual income pay an average income tax rate on average, when the public school teacher pays 10%.”.
In fact, the minister when he uses this argument disregards that “Rich” It is referred to being paid entrepreneurs only after their enterprises have been successful and collected taxes. What is left, profit, is distributed as dividing – but a high tax burden has previously focused on the company’s performance. It is a gross inaccuracy to say that dividends are payments on which it has not been imposed.
The minister insisted on polarization between rich and poor, something that does not appeal to a part of Congress. He said he was interested in reducing the tax burden of the poorest and charging the richest taxes. “If the Faria Lima class is uncomfortable, that’s fine”he said.
Lula’s main project to justify this speech is to reduce income tax to those who earn up to $ 5,000 per month. Brazil in this case will be one of the countries with the largest tax exemption in the world – when it is considered the average per capita income. The country. This kind of questioning has never been asked to Haddad in any of the interviews the minister usually grant. Brazil has an economically active population of 106 million people. In 2025, there was. With the exemption up to $ 5,000, the country will have only about 15 million tax payers.
Haddad confirmed this data in the interview with the newspaper from São Paulo: “We will arrive at the end of the government with 25 million people less paying income tax. This is what is happening.
Who is condoled, who advertises against are the 140 thousand [ricos]. I am quiet about this, because I am Minister of Finance to face the 140,000. I am here to do tax justice. […] If the Faria Lima class is uncomfortable, okay ”. The minister was not asked by the interviewers how the accounts can close in a government that promotes constant spending increases and reduced number of people paying IR.
Minister sleep early
In a curious revelation, Haddad said he only learned of the decision of the Chamber to vote for the overthrow of Lula’s decree on the morning of Wednesday (25.Jun). It turns out that the mayor had (24.Jun.2025) the decision to put the theme in voting the case of IOF the next day.
In short, the truth of the facts was told, the Minister of Finance revealed that he and his advice do not pay attention to what one of the leaders of the Legislature says. “I woke up with a Gleisi call [Hoffmann, ministra das Relações Institucionais ]”Reporting on Motta’s decision to vote for the IOF case. “Gleisi spoke to him at night. I saw the tweet in the morning, because it was late at night. I sleep early because I woke up very early. And I woke up with that news.”.
