Brazil's Lula says he would tax rich more, change Petrobras fuel price policy

FILE PHOTO: Brazil’s former President Luiz Inacio Lula da Silva speaks at Sindicato dos Metalurgicos do ABC (ABC Steelworkers' Union), in Sao Bernardo do Campo, Brazil January 29, 2022. REUTERS/Carla Carniel/File Photo

BRASILIA (Reuters) - Former Leftist President Luiz Inacio Lula da Silva, who is leading early polls ahead of October elections, said on Wednesday he would propose less taxation on the poor and more on the rich if he wins, and reduce fuel prices.

Speaking on radio interviews, Lula said he would propose raising the income tax exemption bracket to five times the minimum monthly wage, or 6,060 reais ($1,160), from 1,903 reais at present.