Tax Reform for Acceleration and Inclusion Law

Sen. Bam: Drop in President’s approval signals cry for help from high prices, poverty

The 11-point drop in President Duterte’s approval rating is a cry for help from the Filipino people amid the rising prices of goods due to the government’s tax reform program, according to Sen. Bam Aquino.

“Paalala po ito sa ating pangulo mula sa ating mga kababayan na nalulunod sa taas presyo na pakinggan ang kanilang hiling na ipreno na ang TRAIN,” said Sen. Bam, one of four senators who voted against the ratification of the Tax Reform for Acceleration and Inclusion (TRAIN) Law.

“Senyales ito na lalo nang nahihirapan sa buhay ang mga Pilipino. Bigyan natin sila ng kaunting ginhawa,” added Sen. Bam.

Sen. Bam made the pronouncement after Duterte’s net approval rating dropped by 11 points from a “very good” 56 percent to a personal-low 45 percent, according to the latest survey by the Social Weather Stations (SWS).

Sen. Bam is hoping that President Duterte will tackle the issue of TRAIN Law and high prices of goods in his State of the Nation Address (SONA).

“Umaasa kami na pupunan ng pansin sa SONA ang isyu ng pagtaas ng presyo. Sana suportahan ng Pangulo ang pagroll-back sa excise tax sa petrolyo,” added Sen. Bam, referring to his measure that aims to suspend and roll back the excise tax on petroleum products under the TRAIN Law.

Under Sen. Bam’s measure, the excise tax on fuel under the TRAIN Law will be suspended and rolled back once average inflation rate surpasses the annual inflation target over a three-month period.

Sen. Bam also is pushing for the full implementation of mitigating measures under the TRAIN Law, such as the unconditional cash transfer program for poor families and the Pantawid Pasada for jeepney operators and drivers.

Sen. Bam: President should address high prices, support TRAIN suspension during SONA

With the country’s inflation rate breaching the 5-percent mark in June, Senator Bam Aquino is hoping President Duterte would announce the suspension of the Tax Reform for Acceleration and Inclusion (TRAIN) Law in his State of the Nation Address (SONA).

“Hindi na makatarungan ang pagpataw ng excise tax sa petrolyo habang pataas ng pataas ang presyo nito sa merkado. Nalulunod na ang taumbayan sa pagtaas ng presyo ng bilihin,” said Sen. Bam.

The Philippine Statistics Authority (PSA) announced on Thursday that inflation rate reached 5.2 percent in June, the fastest level in at least five years.

On Tuesday, oil companies raised their pump prices by P0.65 per liter for gasoline, P0.55 for diesel and P0.70 for kerosene. Starting this month, the electric bill of Manila Electric Company consumers will reflect a higher generation charge due to tight power supply and the further weakening of the peso.

 “Ito ang numero unong alalahanin ng mga pamilya kaya sana talakayin ito ng Pangulo sa kanyang SONA. Tugunan natin ang pangangailangan ng Pilipino. I-roll-back at suspindihin na ang excise tax ng TRAIN,” added Sen. Bam, one of four senators who voted against the ratification of the TRAIN Law.

During his dialogue with different sectors, Sen. Bam said he has received many grumblings about the high prices of goods and services and the lack of necessary support from the government.

Sen. Bam insisted that the suspension and rollback of the excise tax on fuel under the TRAIN Law should provide welcome relief for Filipinos who are burdened by high prices of goods and services.

“Sana marinig ng Pangulo ang hinaing ng taumbayan,” said Sen. Bam.

Sen. Bam has submitted a bill seeking to suspend and roll back the excise tax on fuel under the TRAIN Law once average inflation rate surpasses the annual inflation target over a three-month period.  

Also, Sen. Bam is pushing for the full implementation of mitigating measures under the TRAIN Law, such as the unconditional cash transfer program for poor families and the Pantawid Pasada for jeepney operators and drivers.

Sen. Bam: Don’t hold free tuition hostage to justify TRAIN Law

Don’t hold free college education hostage, government can afford free tuition even without the Tax Reform for Acceleration and Inclusion (TRAIN) Law.

This was Sen. Bam Aquino’s reaction to the government’s statement that the free college education will be affected once the TRAIN Law is suspended.

“May iba namang pagkukunan ang gobyerno ng budget. Sa totoo lang malaki pa ang hindi nagagamit na pondo,” said Sen. Bam, one of the four senators who voted against the ratification of the TRAIN Law.

“Bakit kailangan i-hostage ang libreng kolehiyo? Tama na ang pagpapahirap sa taumbayan na nalulunod na sa pagtaas ng presyo,” added Sen. Bam who is principal sponsor of the Republic Act 10931 or the Universal Access to Quality Tertiary Education Act.

Sen. Bam insisted that the government has enough funds for the continued implementation of the free college education, even without the P70 billion expected revenue from the rollback of the excise tax on petroleum products under the TRAIN Law.

Sen. Bam also reminded the administration that underspending, or the allotted funds that were left untouched by government agencies, reached P390 billion for 2017. The budget for free college education was set at P41 billion for 2018.

“Mahalaga na alam ng pangulo ang totoong numero. Mahirap nang magdesisyon kapag mali mali ang binibigay na impormasyon,” Sen. Bam stressed.

Sen. Bam recalled that government economic managers told the Senate during TRAIN deliberations that inflation will not breach the four-percent mark. Last month, the country’s inflation reached 4.6 percent.

“Ang paglalaan ng pondo ay batay sa mga prayoridad ng gobyerno. Kung hindi nila bibigyan ng pondo ang libreng kolehiyo, ibig sabihin, hindi ito mahalaga para sa kanila,” Sen. Bam maintained.

“Isa pa, hindi namin hahayaan sa Senado na hindi mapondohan ang batas na ito, na layong suportahan ang mahihirap ng Pilipino na umasenso sa tulong ng edukasyon,” added Sen. Bam. 

Sen. Bam: Filipinos demand solutions, not excuses for high prices

Instead of making excuses, Senator Bam Aquino called on the government to find solutions to lower the prices of goods and services due to the Tax Reform for Acceleration and Inclusion (TRAIN) Law.

In his privilege speech on Wednesday, Sen. Bam insisted that the Filipino people are heavily burdened by the high prices of goods and services, in addition to the impending increase in electricity and jeepney and LRT fares.

“Nalulunod na po ang mga mahihirap nating kababayan sa patuloy na pagtaas ng presyo ng bilihin,” said Sen. Bam, one of four senators who voted against the ratification of TRAIN Law.

“Tumataas din ang presyo ng kuryente, ang presyo ng bigas, at humihingi na ng fare hike ang mga jeepney drivers at operators, pati na ang LRT. Kaya naman napakarami na ang umaalma,” added Sen. Bam.

Sen. Bam emphasized that the effects of the TRAIN Law in the increase in prices of commodities are evident and the Filipino people are crying for help from the government to alleviate their plight.

Sen. Bam pointed out that Filipinos, especially the poor, are expecting the government to provide solutions to the increase in prices of goods and services.

“Habang patuloy ang debate sa mga rason ng pagtaas ng presyo, ang hinahanap ng taumbayan solusyon, hindi po dahilan,” said Sen. Bam.

In his speech, Sen. Bam offered three solutions to alleviate the burden of the Filipino people brought about by the TRAIN Law, including the full implementation of the unconditional cash transfer program under the TRAIN Law and by addressing the high price of rice in the market.

Most importantly, Sen. Bam batted for the passage of his measure that 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.

“Under this bill, when inflation exceeds the target range for three consecutive months, the excise tax on fuel will be rolled back,” said Sen. Bam.

Sen. Bam successfully included this safeguard during the TRAIN deliberations, but the provision was removed from the final draft of the law during the bicameral conference.

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