Carrie Conn
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Congress is still also looking to tax new outlets, including fintech companies and betting operators.
Carrie Conn, NPR News, Rio de Janeiro.
The bill allows Brazilians an exemption from taxes, raising the limit the poor and middle class can make to the equivalent of about 900 U.S.
Previously, only those making less than about 500 dollars a month were exempt.
To make up the difference in lost income, the government will increase taxes on Brazil's top earners and their dividends.
Supporters say it's common sense legislation.
President Luis Ignacio Lula da Silva is set to sign the bill, handing him a major political victory as he plans to run for re-election next year.
Congress is still also looking to tax new outlets, including fintech companies and betting operators.
Carrie Conn, NPR News, Rio de Janeiro.
Oh my God, this is so much worse than I ever could have imagined.
Oh my God, this is so much worse than I ever could have imagined.
Friday night, President Javier Millet posted on X an endorsement of a new crypto coin called Libra. The currency launched just hours before the president's post promised to strengthen the Argentine economy. Under an hour of Millet's promotion, the coin rose to nearly $5 in value. However, soon it plunged to under a dollar.
Friday night, President Javier Millet posted on X an endorsement of a new crypto coin called Libra. The currency launched just hours before the president's post promised to strengthen the Argentine economy. Under an hour of Millet's promotion, the coin rose to nearly $5 in value. However, soon it plunged to under a dollar.
Saturday, Millay deleted the tweet, denied relation to the coin, and blamed critics for attacking him. Observers say the coin launch is a so-called rug pull, where developers attract investors, then bolt. Millay's crypto move echoes similar steps by President Trump, a close ally. Days before his inauguration, Trump released a namesake coin, which has since plummeted in value. Carrie Conn, NPR News.
Saturday, Millay deleted the tweet, denied relation to the coin, and blamed critics for attacking him. Observers say the coin launch is a so-called rug pull, where developers attract investors, then bolt. Millay's crypto move echoes similar steps by President Trump, a close ally. Days before his inauguration, Trump released a namesake coin, which has since plummeted in value. Carrie Conn, NPR News.