Bawas Presyo

Sen. Bam: Lower prices of goods, best Valentine’s Day gift to Filipinos

Reducing prices of petroleum products and goods is the best Valentine’s Day gift to Filipinos burdened by high prices of food and other goods due to the Tax Reform for Acceleration and Inclusion (TRAIN) Law, according to Sen. Bam Aquino.

“Ang pinakamagandang regalo sa taumbayan ngayong Valentine’s Day ay bawas presyo,” said Sen. Bam, who filed the Bawas Presyo sa Petrolyo Bill last May 2018 to help lower prices of petroleum products and other goods.

“Masakit ang puso ng maraming Pilipino dahil nalulunod pa rin sa taas-presyo ang taumbayan lalo na ang mga mahihirap nating kababayan,” added Sen. Bam, one of four senators who voted against the ratification of the TRAIN Law.

The price of galunggong rose from P130 per kilo in December 2017 to P200 per kilo in December 2018 before slightly dropping to P180 per kilo as of February 7. Sardines rose from P15 in December 2017 to P17.50 in December 2018 up to present.

Prices of bangus increased from P130 per kilo in December 2017 to P200 per kilo in December 2018 before dropping to P180 per kilo early this month while pork went up from P200 per kilo in December 2017 to P220 per kilo in December 2018 up to present.

“Nakaka-heartbreak pong malaman na nananatili pa ring mataas ang presyo ng mga bilihin tulad ng sardinas at baboy. Kailangan pong ipaalala na sa gobyerno na hindi parin bumababa ang presyo,” said Sen. Bam.

Sen. Bam warned that Filipinos will be in for a tougher time with the increasing prices of petroleum products and electricity.

“Kailangan na nating kumilos upang matugunan ang serye ng pagtaas na ito. Panahon na upang ipasa ang Bawas Presyo sa Petrolyo Bill na matagal na nating isinusulong upang mabigyan ng ginhawa ang ating mga kababayan,” said Sen. Bam.

Sen. Bam’s measure seeks to suspend and roll back the excise tax on fuel under the TRAIN Law once the country’s inflation rate exceeds the government’s target for three straight months.

Sen. Bam: May elections should focus on needs, welfare of Filipino people

The May elections should center on addressing the needs and other vital issues affecting the Filipino people, and not on President Duterte, according to Sen. Bam Aquino.

“Ang nais sana namin sa kampanyang ito ay hindi lang maging tungkol kay President Duterte o tungkol sa aming walo. Tungkol ito sa taumbayan,” said Sen. Bam, who is running under the Otso Diretso coalition.

“Ang eleksyon na ito ay tungkol sa mga boses na matagal nang hindi napapakinggan. Panahon na para ang mga sinasabi ng mga boses na ito ay maging bahagi ng mga programa ng mga ihahalal natin,” added Sen. Bam.

Sen. Bam said the coalition is focused on crafting solutions to the everyday problems hounding the Filipino people, including high prices of goods, hunger, poverty, security and human rights, among others.

“Nagbabago ang kwento ng kampanya dahil lumalaki at tumitindi ang pangangailangan ng taumbayan dahil sa hirap ng buhay. Ang tanong nila, sino ba talaga ang makikinig sa pangangailangan namin?” said Sen. Bam.

“Ang uunahin namin ay ang taumbayan, at makikita niyo na ito ang nagbubuklod sa amin sa Otso Diretso,” the senator added.

As principal sponsor of the free college law, Sen. Bam said it opens up opportunities for Filipinos to have a brighter future through education and helps poor families cope with everyday needs.

“Sa halip na ipambayad sa tuition ang pinaghirapang pera, ngayon maaari nang magamit ito ng pamilyang Pilipino sa iba pang pangangailangan, lalo na ngayong mahal ang presyo ng pagkain,” said Sen. Bam.

Sen. Bam was one of four senators who stood up against the ratification of the Tax Reform for Acceleration and Inclusion (TRAIN) Law based on his firm belief that it will burden the Filipino people with high prices of food and other goods.

“Tumayo tayo kontra TRAIN Law dahil alam natin na ito’y malaking pabigat sa ating mga kababayan, lalo sa mga mahihirap,” said Sen. Bam, who has 35 laws to his name in almost six years as senator.

Sen. Bam appeals to Malacanang: Suspend excise tax on fuel ahead of latest oil price increase

Sen. Bam Aquino appealed to Malacanang to suspend the excise tax on fuel under the Tax Reform for Acceleration and Inclusion (TRAIN) Law, ahead of another round of oil price hike this week.
 
“Nakikiusap po tayo kay Pangulong Duterte na isuspinde ang dagdag-buwis sa petrolyo para tulungan ang ating mga kababayan,” said Sen. Bam, one of four senators who voted against the ratification of the TRAIN Law.
 
This week, oil companies are expected to increase prices of gasoline by 95 centavos to P1.05 per liter, diesel by 55 to 65 centavos per liter and kerosene by 80 to 90 centavos per liter.
 
In an effort to lower prices of petroleum products, Sen. Bam filed the Bawas Presyo sa Petrolyo Bill in May 2018, seeking to suspend and roll back the excise tax on fuel under the TRAIN Law once the country’s inflation rate exceeds the government’s target for three straight months.
 
“Wala pong ibang matatakbuhan ang taumbayan maliban sa Malacañan dahil tapos na ang session ang Kongreso,” Sen. Bam insisted, adding that government should listen to the cry of people who are burdened by high prices of food and other goods.
 
“Sana kahit panandalian man lang, sa pamamagitan ng pagsuspinde ng excise tax sa langis, maibsan ang kondisyon ng ating mamamayan sa pakikipaglaban araw-araw sa kahirapan. Konting malasakit lang mula sa gobyerno ang hinihingi natin,” added Sen. Bam.
 
With oil prices in the world market rising, Sen. Bam said the government should act now and immediately suspend the excise tax on fuel under the TRAIN Law to help lower prices of petroleum products.
 
“Ngayong tumataas pa ang presyo ng langis sa world market, hindi maganda na patawan pa ito ng excise tax na dulot ng TRAIN Law dahil sa ating mahihirap na kababayan na naman ang latay nito,” said Sen. Bam.

Sen. Bam to gov’t: Remove VAT on electricity to lower power rates

With consumers facing another electricity rate hike, Sen. Bam Aquino called on government to take the necessary steps to lower prices of power, particularly the removal of value-added tax (VAT) on electric generation, transmission and distribution.

“Kawawa naman ang ating mga kababayan. Hindi pa nga nakakaahon sa taas presyo, dagdag singil naman sa kuryente ang kanilang papasanin,” said Sen. Bam, 

“Dapat kumilos agad ang gobyerno para maibsan agad itong pahirap sa ating mga kababayan,” he added.

Sen. Bam has filed Senate Bill No. 670 seeking to lower power rates by removing VAT from the sale of electricity by all electric companies and cooperatives.

The senator is pushing for the removal of VAT on electric generation, transmission and distribution as the costs of which are ultimately being passed on to already heavily burdened consumers.

Aside from removal of VAT, Sen. Bam also mentioned other recommendations that the government can undertake to lower prices of electricity.

“Kailangan simulan agad ang mga mahahalagang reporma sa power industry para hindi mahirapan ang taumbayan,” he said.

Sen. Bam said government must prioritize energy infrastructure projects to help address the country’s supply issues, and to remove red tape to enhance competition and encourage more players in power generation.

Sen. Bam renews call to suspend excise tax on fuel after big-time oil price hike

Sen. Bam Aquino reiterated his call to suspend the excise tax on petroleum products under the Tax Reform for Acceleration and Inclusion (TRAIN) Law following the recent big-time fuel price hike due to increase in oil prices in the world market.

“Hindi pa nga nakakahinga ang taumbayan sa mataas na presyo ng pagkain at iba pang bilihin, unti-unti na namang umaakyat ang presyo ng langis sa world market,” said Sen. Bam, one of four senators who voted against the ratification of the TRAIN Law.

“Kaya mas magandang itigil na ng pamahalaan ang excise tax sa langis sa ilalim ng TRAIN Law bago pa ito magdulot ng dagdag pang pasanin sa taumbayan, lalo na sa mahihirap,” added Sen. Bam.

Sen. Bam has filed Bawas Presyo sa Petrolyo Bill in May 2018 to suspend and roll back the excise tax on fuel once the country’s inflation rate exceeds the government’s target for three straight months.

On Tuesday, oil companies have announced increase of a least P1.40 per liter for gasoline, P2.30 per liter for diesel and P2.00 per liter for kerosene due to increase in world crude prices.

The second part of the excise tax hike under the TRAIN Law is not yet included in the increase.

Earlier, Sen. Bam slammed the government decision to implement the second part of excise tax under the TRAIN Law, emphasizing that the country’s inflation rate remains far from the government’s inflation rate target of 2-4 percent.

“Nalulunod pa rin sa mahal na presyo ng pagkain at bilihin ang ating mga kababayan kaya napakalaking pagkakamali na payagan ang ikalawang bahagi ng excise tax sa ilalim ng TRAIN Law,” said Sen. Bam.

Sen. Bam to admin: Don’t delay salary increase of gov’t workers, public school teachers

The government should not delay the scheduled salary increase of its workers, especially public school teachers, as it could help them cope with the prevailing high prices of food and other goods, according to Sen. Bam Aquino.
 
“Sa gitna ng pagtaas ng presyo ng mga bilihin, hindi dapat mabinbin ang umento sa sweldo ng mga empleyado ng pamahalaan, lalo na ng ating public school teachers,” said Sen. Bam, referring to the scheduled release of the fourth tranche of the Salary Standardization Law in January 2019.
 
“Sa panahon ngayon kailangang kailangan ng mga guro natin ang ayuda para makaagapay sa hirap ng buhay,” added Sen. Bam, vice chairman of the Committee on Education.
 
Sen. Bam pointed out that the Department of Budget and Management (DBM) could utilize the Miscellaneous Personnel Benefits Fund (MPBF) to ensure that government employees receive their salary increase on time.
 
“Huwag naman sanang ipagkait sa mga empleyado ng pamahalaan at sa mga guro itong agarang ayuda na matagal na nilang hinihiling at hinihintay,” Sen. Bam stressed.
 
During his term as chairman of the Committee on Education, Sen. Bam worked for the enactment of the Universal Access to Quality Tertiary Education Act as the law’s principal sponsor.
 
Sen. Bam is also pushing for the passage of the Bawas Presyo sa Petrolyo Bill that he filed in May 2018 to help address the high prices of food and other goods.
 
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 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: Ayusin ang TRAIN Law, i-rollback ang tax sa petrolyo

Sen. Bam Aquino welcomed the House of Representatives’ move to tackle measures to shelve the excise tax on petroleum under the Tax Reform for Acceleration and Inclusion (TRAIN) Law, hoping that the Senate could follow suit and work for its complete removal.
 
“Magandang balita na kumikilos na ang Kamara para maitama ang ilang probisyon sa TRAIN Law na dahilan ng pagtaas ng presyo ng bilihin,” said Sen. Bam.
 
“Kailangan talagang ayusin ang TRAIN Law mahihirap ang nasasagasaan nito,” he pointed out, adding that the 6 percent inflation rate for November remains above the government’s target of 2-4 percent.
 
Sen. Bam hopes that the Senate can start tackling his Bawas Presyo sa Petrolyo Bill and the minority’s Joint Resolution No. 15, which are both seeking to suspend the excise tax under the TRAIN Law and mandate the rollback of levy on fuel to December 31, 2017 rates.
 
“Hopefully, the Senate can follow suit and tackle these crucial measures before the end of the year,” said Sen. Bam, one of four senators who voted against the ratification of the TRAIN Law.
 
Sen. Bam said the passage of these measures is crucial after Malacanang decided to implement the excise tax on fuel in 2019 after initially expressing desire to suspend it.
 
“Mas mahalagang madaliin ang pagsasabatas nito dahil hanggang ngayon, mahal pa rin ang presyo ng pagkain at iba pang bilihin na ikinalulunod na ng marami nating kababayan,” said Sen. Bam.
 
Earlier, Sen. Bam called on the government to reconsider its decision to push through with the collection of excise tax on fuel in 2019.

Sen. Bam: Inflation rate still high, shelve plan to implement excise tax on fuel in 2019

The government should reconsider its decision to implement the excise tax on fuel under the Tax Reform for Acceleration and Inclusion (TRAIN) Law for 2019 as inflation rate remains far from its original target, according to Sen. Bam Aquino.

“Walang basehan itong pagbawi ng pangako ng gobyerno dahil mas mataas pa rin ang inflation sa sarili nilang target,” said Sen. Bam, referring to the November inflation rate of 6.0 percent, which remains far from the government’s inflation rate target of 2-4 percent range.

“Ibig sabihin, nasa gitna pa rin tayo ng krisis ng taas presyo kaya mali ang desisyong patungan ng excise tax ang produktong petrolyo sa susunod na taon,” added Sen. Bam.

Sen. Bam said the government should have based the suspension of excise tax on fuel on inflation rate and not on world crude prices, which he is pushing in his Bawas Presyo sa Petrolyo Bill that he filed in May 2018.

“Matagal na nating ihinain ang Bawas Presyo sa Petrolyo Bill na nagsisikap na baguhin at ayusin ang mga problemadong probisyon ng TRAIN. Ito na lang sana ang binigyan ng pansin ng economic managers, imbis na ulitin ang mga pagkakamali ng TRAIN Law,” said Sen. Bam.

Earlier, Sen. Bam lamented the decision of economic managers to implement the excise tax on fuel for 2019, days after recommending its suspension.

“Nakakapagod ang mga urong-sulong na pangako, lalo na para sa mga Pilipinong nalulunod sa taas-presyo,” said Sen. Bam.

“Pinakinggan sana ang taumbayan at hindi na gatungan ng buwis sa petrolyo ng TRAIN Law, habang alam naman ng lahat na ang pag-akyat nito ang dahilan sa mataas na presyo sa merkado,” he added.

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