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Chamber Pulls Investment Tax MP, Dealing Blow to Lula’s Revenue Plan

The decision leaves MP 1303/2025 close to lapsing under a deadline that leaders could not overcome.

Overview

  • Lawmakers voted 251 to 193 to approve a request to remove the measure from the agenda, preventing a floor vote.
  • The PL delivered the most votes to strip the item, with only Nikolas Ferreira (MG) and Antonio Carlos Rodrigues (SP) opposing the removal.
  • Ferreira said he "voted wrong" because he was caring for his newborn, noted he had campaigned against the proposal, and later praised its withdrawal.
  • Right-wing figures attacked Ferreira online over the misvote, including Willian Rocha, who accused him of helping the government.
  • MP 1303/2025 changes taxation on investments as an alternative to raising the IOF and, without approval in both chambers by Wednesday, was set to expire on Thursday.