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Brazil's Bolsonaro says to propose pension reform next year

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Brazil's Bolsonaro says to propose pension reform next year

Brazil's Bolsonaro says to propose pension reform next year
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Stringer .(Reuters)
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BRASILIA (Reuters) - Right-wing President-elect Jair Bolsonaro said on Monday he will send Congress a proposal to overhaul Brazil's costly pension system when his government takes office on Jan. 1.

In an interview with Band TV, Bolsonaro said he plans to cut taxes in a responsible way, and will not revive a despised tax on transactions known and the CPMF. He also said Venezuela should no longer be a member of the Mercosur trade bloc because its leftist government has violated its democratic clause.

(Reporting by Anthony Boadle; Editing by Tom Brown)

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