Sen. Bam: Pass Bawas Presyo Bill, fix TRAIN Law on top of wage increase

Sen. Bam: Pass Bawas Presyo Bill, fix TRAIN Law on top of wage increase
The P25 salary increase for National Capital Region (NCR) cannot stand alone and should be coupled with efforts to lower prices of goods, including the suspension of excise tax on fuel under the Tax Reform for Acceleration and Inclusion (TRAIN) Law, according to Sen. Bam Aquino. 
 
“Parehong dagdag kita at bawas presyo ang kailangan ng ating mga kababayan. Bigyan natin ng sapat na ginhawa ang mga Pilipinong nalulunod sa pagtaas ng presyo ng pagkain, bigas at iba pang bilihin,” said Sen. Bam, one of four senators who voted against the ratification of the TRAIN Law. 
 
“Gawing prayoridad na sana ng Kongreso ang pagpasa sa Bawas Presyo Bill para maayos naman kahit kaunti ang TRAIN Law at mabawasan ang pasan ng Pilipino,” added Sen. Bam, who is the only senator to file a measure seeking to amend the TRAIN Law. 
 
Sen. Bam filed Senate Bill 1798 or the Bawas Presyo sa Petrolyo Bill in May 2018 to add a safeguard to the TRAIN Law that allows for the suspension in the collection of excise tax on fuel should the inflation rate surpass the country’s predicted target for three consecutive months. 
 
“Kung ipasa ang Bawas Presyo Bill at tanggalin ang excise tax sa petrolyo sa TRAIN Law, hanggang P87 kada araw ang dagdag sa kita ng ating mga jeepney driver,” said Sen. Bam, adding that this would be enough for PUV drivers to buy two kilos of rice per day for their families. 
 
Sen. Bam also said that reducing the cost of petroleum products would not only affect fare prices but would also have an indirect effect on the prices of food and other goods in the market. 
 
“Magandang regalo ngayong Pasko ang tulong sa pagbababa ng presyo ng bilihin. Kaya itutuloy ko sa Senado ang paninindigan para sa Bawas Presyo Bill upang ayusin ang TRAIN Law,” said Sen. Bam, who continues to stand by his no-vote on the TRAIN Law.

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