Exclusive: Senator Guimarães Vows to Oppose IOF Tax Hike

Brazilian Senator Oriovisto Guimarães delivers an exclusive interview to Jovem Pan News, expressing strong opposition to the government's proposed IOF tax increase. He cites a lack of transparency and the absence of plans to cut government spending as his primary concerns. Guimarães stated, "I am against any increase in revenue for this government. It's absurd. There is no talk of cutting expenses." His firm stance against the measure, even amidst pressure related to amendments, highlights the potential for significant political conflict in the Senate. The interview underscores the ongoing debate surrounding government fiscal policy in Brazil and the potential impact on the nation's economy.