Sen. Bam: Bawas Presyo Bill, certified urgent by Filipinos

Sen. Bam: Bawas Presyo Bill, certified urgent by Filipinos

Filipino families, especially the poor, are pushing for the immediate passage of the “Bawas Presyo Bill”, saying the measure can help alleviate their suffering from high prices of goods due to the Tax Reform for Acceleration and Inclusion (TRAIN) Law.

“Kung ayaw man ito pansinin ng administrasyon, ang taumbayan na ang nagsasabi na certified urgent ang Bawas Presyo Bill. Hindi na raw sila makahinga sa taas ng presyo. Kahit anong kayod, hindi na makaahon ang mga pamilya,” said Sen. Bam Aquino, referring to his Senate Bill No. 1798.

Sen. Bam’s measure seeks to suspend the excise tax on fuel under the TRAIN Law when the average inflation rate surpasses the annual inflation target over a three-month period.

“Nasa harap na natin ang solusyon pero ayaw tumbukin ng economic managers ng gobyerno,” said Sen. Bam.

According to Sen. Bam, he has been receiving the same complaint from Filipino families about the burden of high prices of goods and services during his consultations with various sectors in different parts of the country.

“Tuwing bumibisita ako sa mga komunidad sinasabi ng ating mga kababayan na nalulunod na sila sa mataas na presyo ng bilihin,” said Sen. Bam, one of four senators who voted against the ratification of the TRAIN Law.

“Ang sabi ni Mang Siming na tricycle driver sa Isabela, ang mga suki niya dati, naglalakad na lang kahit tirik ang araw para makatipid. Kumokonti ang kaniyang kita, tumataas pa ang presyo ng gasolina,” said Sen. Bam.

“Si Mang Mike naman, na magsasaka at may dalawang anak sa high school at dalawa sa kolehiyo, nababawasan na ang binibigay na baon at pamasahe sa kanila araw-araw,” added Sen. Bam.

Sen. Bam stressed that the “Bawas Presyo Bill” could alleviate the plight of poor Filipino families, jeepney and tricycle drivers, farmers and fishermen.

“Sa Bawas Presyo Bill, bababa ang presyo ng diesel, gasoline at kerosene para mabigyan ng ginhawa ang mga Pilipino sa taas-presyo,” said Sen. Bam, adding that the government should address the rising inflation by supporting the passage of his measure.

Sen. Bam said the immediate passage of the measure is vital since the second round of increase in excise tax on fuel under the TRAIN Law will take effect in January 2019.

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