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Brazil orders wage cuts, tax hikes to aid economySkip to next paragraph
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The Brazilian government, backed by a state-of-emergency decree and Army control of the capital, imposed a tough set of wage cuts and tax increases Thursday designed to stabilize the country's crippled economy. Brasilia remained quiet, however, and there were no immediate reports of protests. President Joao Figueiredo imposed the 60-day state of emergency in the capital Wednesday to prevent opposition to the government's austerity measures.