For 52% of the population, Lula’s decree on IOF was a mistake, says Atlas/Bloomberg
Most Brazilians find the Lula government decree that provided for the increase in IOF (Tax on Financial Operations), according to a survey Atlasintel/Bloomberg released on Tuesday (8).
According to the survey, 52% of respondents classify the measure as an error, while 44% see the decree as a hit. Another 4% could not answer.
Safety and taxes have worse evaluation with Lula than with Bolsonaro, says Atlas
Lula leads in housing and social rights
Lula is disapproved for 51.8% and approved by 47.3%, points Atlas/Bloomberg
Difference between approval and disapproval retreats in June, but president follows in a division scenario
The measure – which would expand the IOF rate as part of the government’s effort to comply with the fiscal goal – was overthrown by the National Congress, in a movement interpreted as the executive’s largest defeat in the current legislature.
In response, the government appealed to the Federal Supreme Court (STF), which temporarily suspended the effects of the decree and legislative decision, and called a conciliation hearing between the powers for next July 15.
Institutional crisis
The increase in IOF was defended by the government as a measure of tax justice, focusing on taxation of the richest. Already the congress claimed that new taxes are unacceptable without spending cuts, which raised the tension between the powers.
The theme also became a reason for polarization on social networks. Influencers linked to the Government started to harshly criticize Congress, while members of the opposition accused the Plateau of making institutional dialogue unfeasible and overloading taxpayers.
The survey listened to 2,621 people between June 27-30, with a margin of error of two percentage points and confidence level of 95%. The survey is part of the initiative Latam Pulse, a partnership between Atlasintel and Bloomberg that accompanies monthly political and economic themes in five Latin American countries.
