Finance Minister minimizes friction assessment between powers; in a critical tone, he says press wants to “subvert” an impasse with Congress
The Minister of Finance, said on Wednesday (2.Jul.2025) that he did not receive signs from Congress on a possible impact of the impact of the IOF (Tax on Financial Operations) on the approval of income tax reform.
According to him, a signage in this line would be a “threat” has “Poral population in the country”. The statements were given during journalists after Haddad’s meeting with authorities in Buenos Aires (Argentina).
A reporter asked the minister if the Supreme Court (Supreme Court) would lead to a loss of support at (exemption for those who receive up to $ 5,000/month). He answered the professional in a critical tone.
“You are suggesting that Congress will hurt the poorest population in the country because of a question asked to the Supreme Court, you are implying that this can happen from our country? Why?”said Haddad.
The journalist countered by stating that she received this signaling from congressmen. The head of the economic team denied having had a similar experience.
“I did not receive this demonstration from any leader. If you received, I think this should come public. these.
For Haddad, the press would be trying “subvert” all the impasse of the judicialization of the IOF. Defended the trip to the Supreme as the way “legal” and minimized the impasse.
The (PT) government wanted to increase the financial tax to strengthen the collection through a decree. Congressmen and economic sectors reacted badly. After comings and goings, the deputies and senators overthrew the rule.
The petista team went to the STF to ask the court to consider the fall of the unconstitutional decree. According to them, the House and Senate could only end the norm if the text were illegal.
“If we are asking for the medicine to say whether what the president did is legal or not, how the press is wanting to subvert, with these questions, the order of factors? Let’s put the thing on the right plane.”these.
The overthrow of the decree brought more friction among the powers. Lula is weakened, with his worst relationship with Congress in all mandates.
Haddad mentioned that meetings were held on the IOF and that the vote to cancel the increase in the tax came by surprise.
A journalist asked the minister if he would not find it better to try to negotiate with the deputies and senators. He also answered in a critical tone.
“Who left the negotiation table was not the executive. I do not see the origin of your question. Your question intends to reverse the pole. We were not regained to the table. We were at a table imagining that the referral was ok and we were surprised.”
The IOF IDE
The Lula government wanted to get the financial tax to strengthen the collection and avoid budget freezes. Congress and the business community reacted mass against the determination.
The IRS estimates that the text would bring to the Ministry of Finance of.
A and decided to overthrow the text that increased the IOF on Wednesday (25.jun). In the Casa Baixa, they were 383 votes in favor revocation and 98 contra. The legislative decree with the new rules is the number
PT, PV, PCdoB, PSOL and Network parties guided a vote against. União Brasil, PP, PSD, PDT, PSB, MDB and Republicans, who have 14 ministries, voted in weight in favor of the proposal.
The approval was Lula’s worst defeat and Haddad in the House in the current government. It is also a message from the mayor, (Republicans-PB), to the Plateau.
In the Senate, the vote was symbolic – nominal counting. After the vote, the President (União Brasil-AP) that the decision was a “Defeat for the government built on several hands”.
Read a chronology with the main developments of IOF’s impasse:
- – In the afternoon, the economic team increases the IOF via decree to strengthen the collection. Estimated impact is R $ 20.1 billion in 2025;
- – Near the dawn, farm reviews part of the decree. Collection in the year goes down to R $ 19.1 billion;
- – After meeting, alcohubre and Motta give Haddad 10 days to present alternatives to the IOF decree;
- – A new meeting is held. Haddad announces that it will reduce IOF’s discharge and send provisional measure with increased other taxes to compensate. The impact of the decree for 2025 fell to close to R $ 12 billion;
- – Haddad launches provisional measure with increasing other taxes and with changes in tax compensation. Farm expects to strengthen collection by approximately R $ 10 billion in 2025;
- – Chamber approves urgency for voting the project to overthrow the discharge of IOF;
- – By surprise, Motta announces the project vote at 11:35 pm on a social network;
- – House approves the decree fall by 383 votes in favor and 98 against;
- – Senate drops in symbolic vote (without voting count);
- – Government officially triggers the Supreme Court to judge the impasse.
