Month: January 2019

Sen. Bam to gov’t: Act quickly on latest price increases, shelve excise tax on fuel

Sen. Bam Aquino urged the government to quickly address the latest increase in prices of goods due to Typhoon Usman and the projected rise in cost of petroleum products from the expected increase in fuel prices in the world market along with the additional excise tax on fuel under the Tax Reform for Acceleration and Inclusion (TRAIN) Law.

“Kailangang umaksyon agad ang gobyerno para maibsan itong bagong hataw ng taas-presyo ng bilihin at halaga ng produktong petrolyo sa ating mga kababayan,” said Sen. Bam, one of four senators who voted against the ratification of the TRAIN Law.

“Kawawa ang mahihirap nating kababayan dahil sa dobleng hagupit ng bagyong Usman at dagdag-buwis sa petrolyo. Itigil muna natin ang pagpapatupad ng excise tax sa produktong petrolyo,” added Sen. Bam.

The senator said the government should be sensitive to the plight of consumers and poor Filipinos, who are expected to carry the additional burden of high prices of goods due to the latest levy on oil products under the TRAIN Law.

“Hindi pa bumababa yung presyo ng bilihin, tinira na kaagad iyong pagtaas ng petrolyo. Panibagong pasanin na naman ito para sa ating mga kababayan, lalo na ang mahihirap,” said Sen. Bam, referring to the government’s decision to implement the second tranche of excise tax under the TRAIN Law.

“Hindi dapat pinapatawan ng buwis ang petrolyo dahil hindi natin kontrolado ang presyo nito,” Sen. Bam stressed, adding that the country’s inflation rate remains far from the government’s inflation rate target of 2-4 percent range.

Sen. Bam’s reaction came amid the reported increase in prices of vegetable and other agricultural products after the onslaught of Typhoon Usman and the expected increase in fuel prices with the implementation of the second tranche of excise tax on fuel.

Sen. Bam said the passage of his Bawas Presyo sa Petrolyo Bill will help ease the burden of Filipinos as it suspends and rolls back excise tax on fuel once the country’s inflation rate exceeds the government’s target for three straight months.

Sen. Bam filed the Bawas Presyo sa Petrolyo Bill in May 2018.

Adding tax to fuel, worrisome start to the new year – Sen. Bam

Sen. Bam Aquino is worried the government is starting the year on the wrong foot by adding taxes to petroleum products based on the Tax Reform for Acceleration and Inclusion (TRAIN) Law, saying it may worsen the burden of high prices on the Filipino people.

“Ang pinakamainam na New Year’s resolution para sa bayan ay bawasan ang pahirap sa mamamayan,”said Sen. Bam, one of four senators who voted against the ratification of the TRAIN Law.

“Nalulunod pa nga sa mataas na presyo ng bilihin ang ating mga kababayan, may dagdag buwis pa ulit. Tulungan sana natin ang mga mahihirap nating kababayan,” added Sen. Bam, who earlier called for the 100% implementation of the law for free college.

Sen. Bam said he hoped the government would defer the implementation of the second tranche of excise tax on fuel until inflation normalizes or until prices of food and other goods go down.

Under the second tranche, an additional two pesos excise tax will be imposed on gasoline and diesel and one peso on kerosene and LPG in 2019.

Sen. Bam has been pushing for the rollback of the tax on fuel through the Bawas Presyo sa Petrolyo Bill that he filed in May 2018.

The measure aims to fix the TRAIN Law by ensuring the suspension and rollback of excise tax on fuel once the country’s inflation rate exceeds the government’s target for three straight months.

Sen. Bam: New Year’s resolution should be 100% implementation of free college

Sen. Bam Aquino is hoping for the complete implementation of the free college law in 2019, with students in public universities and colleges not having to spend a single centavo on tuition, miscellaneous and other mandatory fees.

 “Gawin sanang New Year’s resolution ang 100% compliance sa batas na Libreng Kolehiyo,” said Sen. Bam.

 “Siguraduhin natin na kahit kapos ang pamilya, makapagtatapos pa rin ng kolehiyo dahil libre na ang tuition, miscellaneous at iba pang mandatory fees sa public schools,” added Sen. Bam.

Sen. Bam orchestrated the passage of Republic Act 10931 or the Universal Access to Quality Tertiary Education Act as principal sponsor in the Senate during his term as chairman of the Committee on Education.

Earlier, Sen. Bam received a commitment from the Commission on Higher Education (CHED) that it will issue a memorandum prohibiting state universities and colleges (SUCs) from charging mandatory fees.

During the CHED’s budget hearing, Sen. Bam informed its officials that he received complaints from students that some SUCs still collect miscellaneous and other mandatory fees from students, despite the expressed prohibition under Republic Act 10931.

 Sen. Bam told CHED officials that the law should be properly implemented so that students and their families can enjoy its benefits, allowing them to cope with daily expenses amid the high prices of food and other goods.

 “Sa halip na gamiting pambayad sa gastusin sa paaaralan, mas maganda kung mapunta ito sa ibang pangangailangan ng pamilya, lalo na sa pagkain, damit at iba pang kailangan,” added Sen. Bam.

 Sen. Bam is also pushing for the full release of the budget for the Tertiary Education Subsidy (TES) program to student-beneficiaries in both public and private education institutions.

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