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Lula defends readjustment of income tax so that the richest pay more

Brazilian President Luiz Inácio Lula da Silva said yesterday that he wants to readjust the Personal Income Tax table so that the richest pay more.

Lula explained that he wants to raise the income exemption for those who earn up to 5,000 reais (about US$1,000) and that he will start working on the tax reform, although he admitted that he would need the support of Congress.

"The dismissal and tax increase needs a law; it cannot be done by shouting. It has to be built," he said.

"It takes a lot of convincing in Congress and . . .

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