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LatinNews Daily - 04 August 2017

Brazil’s congress turns to political reform after sparing Temer

Development: The speaker in Brazil’s federal chamber of deputies, Rodrigo Maia, said that political reform was now the priority for congress in comments to investors in the city São Paulo on 3 August.

Significance: With President Michel Temer’s immediate survival now clear after the federal chamber of deputies voted to reject the formal corruption charges presented against him, his government has three main items on its agenda: a shake-up of the national pension system, a restructuring of the tax code, and political reform. None will prove straightforward, but congress appears most eager to tackle political reform, with Maia promising to schedule a debate on the issue in the next few weeks. One of the main elements of the reform proposed by Vicente Candido, from the left-wing opposition Partido dos Trabalhadores (PT), is the creation of a substantial fund of public money to bankroll electoral campaigns.

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