Analysis-Income tax break adds to Lula’s economic tailwinds ahead of Brazil election

The measure, one of his hallmark promises from the 2022 campaign, reflects an effort to widen the leftist leader’s appeal beyond his traditional lower-income base. It is likely to add steam to an economy that is, though not booming, at least helping Brazilians stretch their paychecks further. Unemployment is at a record low, the median wage is at a record high and inflation - especially for food - has cooled enough that interest rates are set to start falling next month. That has helped shore up support for Lula, who leads likely challengers by four to seven percentage points in recent polls simulating head-to-head scenarios for October’s election. 🔗 Leggi su Internazionale.it

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Analysis-income tax break adds to Lula's economic tailwinds ahead of Brazil electionBy Marcela Ayres BRASILIA, Feb 11 (Reuters) - A middle-class tax break that nearly halves the number of Brazilians paying income taxes is adding to economic tailwinds that give President Luiz Inacio ... msn.com