Brazil · Economy

Key Facts

—The bill. President Lula sent Congress a proposal on June 29 to raise the revenue ceiling for individual microentrepreneurs, known as MEIs.

—The numbers. The cap would climb from R$81,000 ($15,640) to R$110,000 ($21,240) in 2027 and R$140,000 ($27,030) in 2028.

—The reach. More than thirteen million registered microentrepreneurs would be affected.