While there are many elements contributing to the increase in prices of goods and services, Sen. Bam Aquino stressed the need to focus on factors under the government’s control, like the excise tax on fuel under the Tax Reform for Acceleration and Inclusion (TRAIN) Law.
“Maaaring kontrolin ang TRAIN at pagpataw ng buwis sa petrolyo. Bigyan natin ng kaunting ginhawa ang mga pamilya, isuspindi natin ang excise tax,” said Sen. Bam, referring to his measure to stop the collection of excise tax on fuel under TRAIN once the inflation rate breaches “target range.”
Sen. Bam filed Senate Bill No. 1798, the excise tax on fuel under TRAIN will be suspended when the average inflation rate surpasses the annual inflation target over a three-month period.
During the TRAIN’s deliberation, Sen. Bam introduced an amendment to include a safeguard where the implementation of TRAIN Law will be stopped once inflation rate breaches the “target range.”
Fellow senators approved Sen. Bam’s amendment but the provision was not included in the bicameral conference committee and the approved version of the measure.
“Kailagang aminin na nahihirapan na ang mga Pilipino sa pagtaas ng presyo. Gawin naman natin ang ating makakaya upang tulungan ang mga pamilya,” added Sen. Bam.
Sen. Bam expects his colleagues to support his measure since many of them approved it during the deliberation of the TRAIN Law.
If the government is serious in eradicating corruption, it should work to strengthen the Presidential Commission on Good Government (PCGG), rather than move to abolish it, according to Sen. Bam Aquino.
“Kung talagang determinado ang gobyerno na labanan ang katiwalian, bakit nais nitong buwagin ang PCGG na siyang naghahabol sa nakaw na yaman ng pamilya Marcos,” said Sen. Bam, alluding to the move of the House of Representatives to abolish the PCGG.
“Sa halip na buwagin, mas magandang palakasin pa ang PCGG dahil marami pang pera at marami pang bank accounts ang hindi pa naibabalik sa mga Pilipino,” added Sen. Bam.
The senator said the unrecovered money from the Marcoses, amounting to billions of dollars, could be put to good use and for the benefits of the Filipino people.
Sen. Bam also questioned the move to abolish the PCGG, saying it could be a part of a ploy to revise history about the ill-gotten wealth of the Marcoses.
“This will institutionalize historical revisionism. Pilit na binabago ang kasaysayan sa pagkilos na ito,” said Sen. Bam, adding that the measure has no counterpart measure in the Senate.
In its 30 years of existence, the PCGG has succeeded in recovering $3.6 billion or P170 billion pesos of the estimated $10 billion of Marcos ill-gotten wealth.
The recovered funds have been used to support the government’s Comprehensive Agrarian Reform Program and reparation of Martial Law victims.
As the lone opposition member within the top 12 in recent senatorial surveys, Senator Bam Aquino underscored the need for a dissenting voice amid contentious reforms and controversies hounding the Duterte administration.
“Nagpapasalamat tayo sa taumbayan at naisama ako sa top 12. Kailangan ng mga senador na handang tumutol sa mga programa ng administrasyon na hindi makatutulong sa pamilyang Pilipino. Mahalaga na balanse ang Senado,” said Sen. Bam, who was the only re-electionist senator who opposed the ratification of the Tax Reform for Acceleration and Inclusion (TRAIN) Law.
“We must strengthen the independence of the Senate by electing officials who are not afraid to oppose the administration and join the minority, especially now that the Supreme Court has shown its blatant bias. Kailangan ng mga senador na maninindigan para sa taumbayan, para sa demokrasya,” Sen. Bam added.
Sen. Bam placed 11th in the Social Weather Stations (SWS) survey conducted last April 7 to 11 with respondents of 1,200. In the latest Pulse Asia senatorial survey conducted from March 23 to 28, he was also the lone opposition who made it to the top 12, landing in a tie for 10th place.
Sen. Bam was one of four senators, and the only re-electionist senator, who voted against the ratification of the Tax Reform for Acceleration and Inclusion (TRAIN) Law, due to the expected price increases and negative impact on poor Filipino families.
Recently, Sen. Bam submitted Senate Bill No. 1798 that seeks to amend the controversial tax reform program that will suspend the collection of excise tax on fuel once inflation rate breaches the prescribed “target range.”
In Sen. Bam’s measure, the excise tax on fuel under TRAIN will be suspended when the average inflation rate surpasses the annual inflation target over a three-month period.
“Kailangan na muna nating i-preno ang TRAIN dahil marami na itong nasasagasaan na mahihirap na Pilipino sa dala nitong pagtaas sa presyo ng bilihin,” said Sen. Bam.
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