Senator Bam Aquino will file a measure that will restore his earlier proposal to stop the Tax Reform for Acceleration and Inclusion (TRAIN) Law once the inflation rate breaches “target range.”
“Importanteng may mga safeguards ang TRAIN para mai-preno ang pagpataw buwis kapag sumobra ang pagtaas ng presyo ng bilihin,” said Sen. Bam during the hearing of the Committee on Economic Affairs on TRAIN Law.
“We pushed for these safeguards even before the TRAIN Law was passed, but they were disregarded. Siguro ngayong nakikita nilang nahihirapan na ang taumbayan, susuportahan na nila ang amyenda kong ito,” said Sen. Bam, one of four senators who voted against the ratification of the TRAIN Law.
During the TRAIN deliberations, the Senate approved Sen. Bam’s amendment to include a safeguard where the implementation of TRAIN Law will be stopped once it breached the “target range.”
However, Sen. Bam said the provision was not included in the bicameral conference committee and the approved version of the measure.
“Kung hindi inalis ang safeguard na ito, napatigil na sana natin ang TRAIN Law ngayong napakataas na ng presyo ng mga bilihin,” said Sen. Bam.
Earlier, Sen. Bam warned the country’s economic managers, led by the Department of Finance (DOF), that will country’s inflation rate will surpass the four-percent mark due to the TRAIN Law.
“Noon pa tayo nagbabala sa pamahalaan na ang mahihirap ang masasagasaan ng TRAIN, kaya tayo kumontra sa pagpasa nito. Kailangan nating banggain ang mga repormang lalong nagpapahirap sa taumbayan,” said Sen. Bam.
After months of calling for a review on the Tax Reform for Acceleration and Inclusion (TRAIN), Senator Bam Aquino expects tomorrow’s Senate probe on TRAIN and inflation to produce tangible results, even look into the suspension of excise taxes.
“Sa aking pag-iikot sa iba’t ibang bahagi ng bansa, umaalma na ang taumbayan sa taas ng presyo ng bilihin. Napakatindi ng epekto ng TRAIN sa presyo ng bilihin na nagpapahirap sa ating mga kababayan,” said Sen. Bam, one of the four senators who voted against the ratification of the TRAIN law.
“We owe it to the Filipino people, especially the poor, to ensure that TRAIN is not making lives more difficult. We must look for immediate solutions, like the suspension of excise taxes,” Sen. Bam added.
Sen. Bam was referring to the excise tax on petroleum products under the TRAIN Act, which imposes P7 and P2.50 additional levy on gasoline and diesel, respectively.
“Umaalma na ang taumbayan sa presyo ng bilihin. Baka panahon nang ipasuspinde ang excise tax para mabawasan ang pasanin ng mga Pilipino,” said Sen. Bam.
As early as January, Sen. Bam filed Senate Resolution No. 597, urging the appropriate Senate committee to scrutinize the implementation of the unconditional cash transfer to ensure that it is sufficient to cover the increase in prices of goods and other services.
More recently, Sen. Bam also filed Senate Resolution No. 704, urging the appropriate Senate Committees to conduct an inquiry on the TRAIN’s inflationary impact and effect on the economy, particularly the P7 and P2.50 excise tax increase on gasoline and diesel, respectively.
The Senate Committee on Economic Affairs, headed by Sen. Sherwin Gatchalian, will conduct the hearing on the effects of TRAIN on the prices of goods and services and in the inflation rate, which reached a five-year high in April at 4.5 percent.
With prices of goods and unemployment both on the rise, Senator Bam Aquino said the 800-plus Negosyo Centers in the country play an even bigger role in providing Filipino families livelihood.
“Sa harap ng mataas na presyo ng bilihin at mataas na bilang ng walang trabaho sa bansa, higit na kailangang kumilos ang ating Negosyo Centers para mabigyan ng tulong ang ating mga kababayan,” said Sen. Bam, principal sponsor and author of Republic Act No. 10644 or the Go Negosyo Act.
Sen. Bam commended the Department of Trade and Industry (DTI) for effectively implementing his law and ensuring the establishment of over 800 Negosyo Centers in the country.
Sen. Bam also invited the public to visit the closest Negosyo Center to meet and consult with accommodating business counselors from DTI, who can guide them in finding steady livelihood through small business ventures.
“Sa panahon ng mamahaling bilihin at mataas na unemployment, kailangan ng kabuhayan at dagdag kita ang ating mga kababayan. Baka mahanap nila ito sa pagnenegosyo,” said Sen. Bam, a long-time advocate of micro, small and medium enterprise (MSME) development.
A recent SWS survey showed that the number of unemployment Filipinos rose to 10.9 million, the highest since 2016.
The latest Pulse Asia survey also revealed that 86 percent of 1,200 respondents claimed they were strongly affected by the increase in prices of goods.
Sen. Bam’s first enacted law, the Go Negosyo Act mandates the establishment of Negosyo Centers in all municipalities, cities and provinces that will assist micro, small and medium enterprises in the country.
Negosyo Centers provide access to markets and financing for businesses, training programs, and a simplified business registration process, thus helping ease of doing business and fast-track government processes in putting up a business.
There are now more than 800 Negosyo Centers in different parts of the country, ready to cater to the needs of startups and MSMEs.
Senator Bam Aquino called on the Bureau of Internal Revenue (BIR) to spare from withholding tax the honoraria of teachers who will render poll duties in the Barangay and Sangguniang Kabataan (SK) elections on May 14.
“Nang isulong natin ang Election Service Reform Act, layunin natin ang bigyan ng karampatang pabuya ang mga volunteers sa eleksiyon, tulad ng mga teachers. Hindi intensiyon ng batas na buwisan pa ang bayad dito,” said Sen. Bam, principal author of Republic Act 10756 or the Election Service Reform Act (ESRA).
“Pataas na nga ng pataas ang presyo ng bilihin dahil sa tax reform, kakaltasan pa muli ang honoraria ng mga guro. Bigyan naman natin sila na kakaunting ginhawa sa dami ng buwis,” added Sen. Bam.
Sen. Bam pushed for the law’s passage in the 16th Congress to increase the election service benefits for public school teachers and make election service optional for public school teachers.
In addition, the law also increases honoraria for board of election inspector (BEI) and their support staff.
Under the law, compensation for BEI chairman will be increased to P6,000 from P3,000 while BEI members will receive P5,000 from P3,000.
From P3,000, DepEd supervisor/official will earn P4,000 while support staff will receive P2,000 from P1,500.
The teachers and all persons who rendered election service would also be entitled to a travel allowance of P1,000 each.
All government officials and employees serving as members of the electoral boards, DepEd supervisor/official and support staff will be given five days of service credit.
The ESRA also increases the death benefits from P200,000 to P500,000 and the medical assistance in such amount as may be “sufficient to cover for medical and hospitalization expenses until recovery” of injuries sustained while in the performance of election duties.
Senator Bam Aquino called the increase in prices of goods and the rising unemployment a killer combo that needs to be addressed immediately.
“Huwag natin i-knockout ang pamilyang Pilipino sa combo na pagtaas ng presyo ng bilihin at kawalan ng trabaho,” said Sen. Bam, one of only four senators who voted against the ratification of the Tax Reform for Acceleration and Inclusion (TRAIN) Act.
A recent Pulse Asia survey indicated that 98 percent of respondents claimed the prices of basic goods they usually purchase have increased due to the tax reform law, and around 86 percent said they were strongly affected by the prices increases.
In addition, a latest survey by SWS showed that the number of unemployment Filipinos rose to 10.9 million, the highest since 2016.
“Hindi na biro ang epekto ng TRAIN sa mga Pilipino, kaya tayo tumutol dito. Ngayon na mas malala pa pala ang kinalabasan nito, dapat lang na pag-aralan at solusyunan ang matinding pagtaas ng presyo,” said Sen. Bam.
Sen. Bam said he will present stories of Filipinos affected by the TRAIN Act from the series of community dialogues that he conducted in different parts of the country when the Senate conducts a hearing on the tax reform program on May 9 (Wednesday).
“Mahalagang mailabas natin ang bigat na ibinibigay ng TRAIN upang ito’y marepaso at nang maibsan ang pasanin ng ating mga kababayan,” said Sen. Bam.
Sen. Bam also urged Congress not to move forward with TRAIN 2, as it may exacerbate the problem of unemployment by removing incentives for certain businesses.
Sen. Bam has filed Proposed Senate (PS) Resolution No. 704, calling for a review of the TRAIN Act, claiming it greatly contributes to the increase in prices of goods and services that burdens Filipinos, mostly the poor.
In commemoration of Labor Day, Senator Bam Aquino called on the government to prioritize the welfare of Filipino workers and protect their livelihood through sound policies and actions.
“Dapat isipin ng pamahalaan sa bawat desisyon at reporma ang kapakanan ng mga Pilipinong nagtatrabaho tulad ng mga magsasaka, mangingisda at OFWs. Subalit sila ngayon ang binibigo ng administrasyon,” said Sen. Bam, one of four who voted against the ratification of the Tax Reform for Acceleration and Inclusion (TRAIN) Act.
Sen. Bam insisted that the recent tax reform packages proposed by the government only burden the working class with increasing prices of goods and potential loss of livelihood.
The administration’s push to enact the second tax reform package, which will remove incentives for companies, could lead to loss of jobs for many Filipinos.
“Nagdurusa na nga ang marami nating mga kababayan sa mataas na presyo ng bilihin sa unang bugso ng tax reform ng gobyerno, ngayon naman aalisan natin sila ng ikabubuhay,” said Sen. Bam, referring to the TRAIN Act.
Sen. Bam has filed Senate Resolution No. 704, calling for a review of the TRAIN Law, claiming it greatly contributes to the increase in prices of goods and services that burdens Filipinos, especially ordinary workers.
Sen. Bam also submitted Senate Resolution No. 597, urging the appropriate Senate committee to scrutinize the implementation of the unconditional cash transfer to ensure that it is sufficient to cover the increase in prices of goods and other services.
In addition, Sen. Bam pointed out that the government’s decision to remove restriction on rice importation could be detrimental to the work of Filipino farmers, who rely heavily on their harvest for their livelihood.
“Posibleng makasama pa sa ating mga magsasaka ang ura-uradang desisyon ng deregulasyon ng rice imports. Hindi quota ang problema natin kundi ang kakayahan nga NFA na gawin ang kanilang trabaho,” said Sen. Bam.
In the 17th Congress, Sen. Bam has filed several measures that focus on the welfare of Filipino workers, includingg overseas Filipino workers (OFWs), freelancers and reservists.
A senator warned that employment of many Filipinos will be on the line once the government pushes the enactment of the second tax reform package, which aims to remove the tax incentives being enjoyed by certain firms.
“After the increase in prices of goods and services, the government will put the jobs of many Filipinos in peril by removing incentives to some businesses,” said Sen. Bam Aquino.
“Kaliwa’t kanang suntok ang ibibigay ng pamahalaan sa taumbayan. Tumaas na nga ang presyo ng bilihin, ngayon naman, maraming kababayan natin ang posibleng mawalan ng trabaho,” Sen. Bam added.
Sen. Bam stressed that if the tax incentives being given to PEZA-accredited firms are removed, many companies would be forced to close shop, affecting the employment of many Filipinos.
Also, Sen. Bam said investors eyeing to put up shops in economic zones will shelve their plan once the second part of the government’s tax package is enacted.
The senator called on the government to further study the impact of the second tax package to Filipinos, saying the effects of the initial package have burdened the public with high prices of goods and services.
In a latest survey by Pulse Asia, 98 percent of 1,200 respondents claimed the prices of basic goods they usually purchase have increased since January of this year due to the Tax Reform for Acceleration and Inclusion (TRAIN) Act.
Around 86 percent of respondents said they were strongly affected by the increase in prices of goods, 13 percent were “somewhat affected,” and only one percent said they were not affected at all.
“The government should first consider reviewing the TRAIN Law before inflicting additional burden with the passage of the second package,” said Sen. Bam.
Sen. Bam has filed Senate Resolution No. 704, calling on the appropriate Senate Committees to conduct a review of the TRAIN Law, claiming it greatly contributes to the increase in prices of goods and services that burdens Filipinos, especially the poor.
Sen. Bam also filed Senate Resolution No. 597, urging the appropriate Senate committee to scrutinize the implementation of the unconditional cash transfer to ensure that it is sufficient to cover the increase in prices of goods and other services.
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(Photo taken from GMA News)
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