Brazil’s Guedes says govt will reduce payroll taxes

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BRASILIA (Reuters) – Brazil’s Economy Minister Paulo Guedes said on Monday the government will reduce payroll taxes, without giving details or deadlines for a move he has defended since taking office in 2019.

Speaking at an event hosted by the Brazilian supermarket association, Guedes also said that President Jair Bolsonaro, who seeks reelection in October, will improve social programs and is planning a national reconstruction fund.

(Reporting by Marcela Ayres; Editing by Chris Reese)

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