2 party behind the beat down Workers’ Party (PT), isn’t much better at it. Overhauling Brazil’s pension reform was on the top of Guedes’ to-do list. That’s a nonideological party, and while many in their circle of friends like pension reform, their constituents down market do not. But we are not going to sell Brazil over nervousness about Bolsonaro’s pension reform bill.”Guedes proposed R$1 trillion ($260 billion) savings over 10 years if his version of pension reform is signed. One important aspect of Bolsonaro's pension reform is that it comes with legal provisions no longer requiring a supermajority to pass changes to the law.

Source: Forbes April 16, 2019 19:01 UTC