Kim Kataguiri: Therefore, my recommendation is in favor, Mr. President.
Kim Kataguiri: Mr. President, MISSÃO's vote is "no," because there is no tax cut without spending cuts.
If we grant tax relief to a productive sector without presenting the estimated impact, the revenue source, in the end either we will increase property taxes on other productive activities — so it will weigh on industry, on commerce, on services — or, ultimately, this will turn into an increase in the CBS rate, the Brazilian VAT, increasing the worst tax of all, which is the tax on consumption.
Kim Kataguiri: This discourages consumption, obviously, because taxes become more expensive, and, at the same time, it mainly penalizes the poorest, who consume the majority of their income, because there is nothing left to invest, nothing left to save.
Kim Kataguiri: So any tax-cut bill that does not present the estimate of revenue foregone and, at the same time, the source of that spending, is either an increase in debt, or an increase in inflation, or an increase in taxes for other productive sectors.