By Marcela Ayres and Isabel Teles
BRASILIA/SAO PAULO (Reuters) -Brazil’s government said it was confident the Senate would pass a bill expanding income tax exemptions for the middle class, after the measure cleared the Lower House late Wednesday.
The proposal, a key initiative of President Luiz Inacio Lula da Silva, could boost his prospects ahead of next year’s general election.
Finance Minister Fernando Haddad told reporters he did not expect any hurdles in the Senate.
“The bill is based on fiscal balance and seeks tax justice,” Haddad told reporters on Thursday, hailing its unanimous passage by lawmakers.
“I am certain the proposal will also enjoy broad support in the Senate,” Lula wrote on X late Wednesday, adding that the measure would benefit 15 million Brazilian workers.
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