Sen. Bam: Admin, opposition should come together for Bawas Presyo Bill

Amid a fresh round of increase in fuel prices, Sen. Bam Aquino renewed his push for the passage of his measure to stop the excise tax on oil products under the Tax Reform for Acceleration and Inclusion (TRAIN) Law.

Sen. Bam insisted that the suspension and rollback of the excise tax on fuel would help alleviate the continuing rise in fuel prices and lower the prices of goods and services.

“Narito ang solusyon, aksyunan na natin. Kailangan magtulungan ang oposisyon at administrasyon para pababain ang presyo ng bilihin,” said Sen. Bam, one of four senators who voted against the ratification of the TRAIN Law.

The senator filed Senate Bill No. 1798 or the Bawas Presyo Bill, which 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.

Sen. Bam said there is a pressing need to enact his measure into law as there is a scheduled second round of increase in excise tax on fuel under the TRAIN Law in January 2019.

Sen. Bam said the woes on high prices of goods and services will continue if the government continues to ignore the plea of the Filipino people, especially the poor.

“Nalulunod na nga sa taas presyo ang mga mahihirap nating kababayan, ito na naman ang panibagong pagtaas ng presyo ng krudo,” said Sen. Bam.

“Huwag maging manhid sa paulit-ulit na daing ng mahihirap na pamilya. Hindi po masosolusyanan ang problemang ito kung hindi tayo magtutulungan,” the senator added.

Also, Sen. Bam renewed his call for the government to fully roll out the social mitigating measures under the TRAIN Law, including the unconditional cash transfer (UCT) program for poor Filipino families and the Pantawid Pasada Program, which aims to help jeepney operators and drivers cope with the increase in oil prices.

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