Members Have Withdrawn Mp From Iof and the Proposal Will Lose Validity

Poder360

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The Chamber of Deputies dealt a significant defeat to President Luiz Inácio Lula da Silva (Workers' Party) and Finance Minister Fernando Haddad, repealing the IOF (Tax on Financial Transactions) Provisional Measure (MP 1,303 of 2025) on Wednesday (October 8, 2025). As a result, the government will lose R$31.4 billion in revenue in 2025 and 2026, money that would have been used to fund other initiatives, such as advancing social programs. The dep…

Jovem Pan News

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The defeat of the MP 1303, on this Thursday (8), was positive for the opposition of the Government of Lula. “The Brazilian Parliament gave, on this Thursday (8), a clear message to the government of the PT: Brazil is no longer taxable! The defeat of the MP 1303 was a victory of the Brazilian people — of the workers, of the entrepreneurs and of all who no longer support the government's efforts to put their hands in the bag of their producers”, s…

CNN Brasil

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By 251 votes in favour to 193 against, the plenary of the House of Deputies approved the withdrawal of the MP (Provisionary Measure) allowance with alternatives to the increase of IOF (Financing on Financial Operations). As the text loses its validity on this Thursday (8), the movement, in practice, invasives MP's appreciation. The measure was considered essential by the Lula government's economic team (PT), since it would result in around $17 b…

Globo

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Deficiencies of the interim measure represent defeat for the Lula government, which accuses opposition to sabotage proposal and break agreement

CartaCapital

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On this Thursday 8th instead of appreciation for the merit of the proposal, whose validity period expires at 23h59, the Chamber approved the withdrawal of the text.