IOF: 'Running over Congress is not the best initiative, we will not accept it', says Motta

The president of the Chamber of Deputies, Hugo Motta (Republicanos-PB), said this Friday, 4, that Congress is ready to dialogue with the Judiciary and the Legislature regarding the Tax on Financial Transactions (IOF) , but "without rushing".

"It is very naive to think that you are going to increase a tax and that tax will not be passed on to people. Of course it will be, this is part of our economy. So, that is what Congress blocked and is saying that it is ready to sit at the table with politics, without being run over, because running over Congress is not the best initiative", said Motta in an interview with TV Record , according to a publication by Portal R7 .

"Congress will not allow itself to be run over, not in this situation or in any other. Why? Because we have had a very loyal and correct relationship. And we want to continue this way, always having our right to disagree when we think that a measure is not good for the country, as was the case now with the IOF ," he added.

The interview was conducted in Lisbon, hours before the decision by Minister Alexandre de Moraes, of the Federal Supreme Court, to suspend the effects of both the decrees of the Lula government that increased the IOF rates and the legislative decree approved by Congress that overturned the government's measure.

In addition to suspending the decrees issued by the government and Congress, Moraes scheduled a conciliation hearing on the matter for July 15, at 3:00 p.m. The minister ordered the summons of the Presidents of the Republic, the Federal Senate and the Chamber of Deputies, as well as the Attorney General's Office, the Attorney General's Office and the other parties to the action to participate in the hearing.

Motta also said that the narrative that the IOF only affects the richest "is not true". "It is a tax that has a diffuse effect throughout the chain of our country, even helping to increase inflation", he considered.

He said he sees a broad majority of the Chamber of Deputies and the Senate agreeing not to raise taxes to resolve the fiscal situation. "And Congress wants to not only sit down to discuss, but also to propose measures, propose initiatives that will help the government resolve the problem of public finances and find a way out of this fiscal problem," he said.

"We are fully willing to engage in dialogue, we want to talk to the Judiciary, the Executive, resume dialogue and from there find the necessary solutions, not only for this problem, but for all the others that we may have to face from now on," he emphasized.