Congressional tables take tax reform to the forefront of the opposition’s agenda
According to Revista Oeste, the group wants to define the strategy for the presidencies of the Chamber and Senate before discussing adjustments to the new tax model.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM REVISTA OESTE · 2 MIN
The opposition in Congress wants to decide first who commands the Chamber and the Senate and only then discuss changes to tax reform. According to Revista Oeste, Bia Kicis (PL-DF), cited by the publication as elected deputy and senator, stated that the group will organize itself and define a strategy for the presidencies of the two Houses before any other front.
The review of the new tax model, therefore, does not appear to be an immediate priority. According to the publication, the group's goal is to approve changes that reduce the effects of this model, but this work will come after the internal organization of the opposition. The scenario took shape with the defeat of Flávio Bolsonaro (PL) in the presidential dispute.
Why this matters: whoever holds the presidency of the Chamber and the Senate controls the voting agenda, and that is where economic issues are dealt with. The fight for the tables can define not only the pace of the tax reform, but also the order in which the other proposals reach the plenary.
The publication also reports that Kicis was asked about how Congress would execute the proposals in the plan for an eventual Flávio government. For the reader, the sequence is the central point: first the composition of the tables, then the program.
For those who advocate fiscal responsibility and lower taxes, the order of factors has weight. A tax reform that is progressing slowly keeps the collection rules open for longer and the debate on how to mitigate the effects of the new model is for a second moment.
What changes for the investor
The most direct reading is of deadline, not direction. If the tax review is pushed to after the dispute at the tables, companies and sectors that depend on clear tax rules may continue without predictability for longer. Investors tend to follow the composition of the Chamber and the Senate as a sign of the speed of the economic agenda. This article does not indicate the purchase or sale of assets and does not project stock exchange, Nasdaq, interest or dollar quotes.
Automatically translated from Portuguese.
