bill by bam aquino

Bam wants simplified tax system and lower taxes for small businesses

Aside from reducing personal income tax, the government must also provide small businesses with lower income tax rate, a simplified process and other privileges to stimulate their growth, according to Sen. Bam Aquino.

While he is certain that the personal income tax reform will be passed, Sen. Bam said the government must include tax reform for small businesses in its tax reform package.

“With all the support from the executive, we’re certain the personal income tax reform will be passed. What we should also focus on is the Small Business Tax Reform Act na makakatulong sa mga maliliit na negosyo na nagsisilbing kabuhayan ng maraming pamilyang Pilipino,” said Sen. Bam, referring to his Senate Bill No. 169.

Sen. Bam’s bill seeks to provide small businesses with a lower income tax rate, VAT exemption and simplified filing of taxes.

 Under the measure, all small businesses shall be exempt from payment of income tax for the first three years of its operation from date of establishment and will be subjected to lower income tax rates thereafter.

Small businesses earning less than P300,000 will be exempted from income tax while those with income ranging P300,000 up to P10,000,000 will be subjected to a 10-percent income tax rate.

 “This bill also proposes the lowering of the income tax rate for MSEs and an exemption from VAT, among other methods to​ ​help our small businesses grow,” said Sen. Bam.

 The measure also pushes for simpler bookkeeping, a special lane and assistance desk for MSEs, exemption from tax audit, annual filing of returns, and payment in installment.

 Sen. Bam stressed the need for simpler taxation, saying the Philippines placed 126th out of 189 economies in Ease of Paying Taxes in a joint study by PWC and the World Bank – Paying Taxes 2016.

 “This must change. The Small Business Tax Reform Act will simplify tax procedures and unburden our small businesses of the complex tax process,” said Sen. Bam.

 By streamlining the country’s tax system, it will boost the chances of our local enterprises to succeed and, in turn, generate prosperity and livelihood for more and more Filipinos.

Senate to probe Martial Law education in basic, tertiary education

One day before the country commemorates one of the darkest chapters in its history, the Senate is set to conduct an inquiry to determine the status of Martial Law education in basic and tertiary education.
 
Sen. Bam Aquino, chairman of the Committee on Education, will lead the probe jointly with the Committee on Youth on Tuesday (September 20) at 9 a.m..
 
The Senate set the inquiry after Sen. Aquino filed Senate Resolution No. 29 to look into how the Martial Law era is being taught in high school and colleges all over the country. 
 
Expected to attend the hearing are Department of Education (DepEd) Sec.  Leonor Briones,  National Historical Commission of the Philippines (NHCP) chairperson Maria Serena Diokno and Commission on Human Rights (CHR) chairman Chito Gascon.
 
Sen. Bam saw the need to look into the matter, especially with the propagation of erroneous information on the Internet regarding the Martial Law, declared by former President Ferdinand Marcos on Sept. 21, 1972.
 
“Kailangan nating malaman kung paano tinuturo ng Martial Law sa ating kabataan at siguraduhin na ang katotohanan ang nananaig sa ating mga paaralan,” said Sen. Bam.
 
“Napansin natin na mukhang nagkaroon na ng pagbabago sa kasaysayan. Nakakalungkot ang pangyayaring ito dahil tila kinalimutan na ang mga nagsakripisyo ng buhay noong panahon ng diktarudya,” he added.
 
According to historical records, 3,257 were killed, while an estimated 35,000 were tortured, and 70,000 incarcerated during the Martial Law rule, which ran from 1972 to 1981.
 
Aside from the rampant human rights violation during that time, an estimated $10 billion in government money was stolen, according to Presidential Commission on Good Government (PCGG) records.

Bam: Look after children during state of lawlessness, armed conflict

A senator called on concerned government agencies to ensure the welfare and safety of civilians, especially the children, affected by the administration’s drive against the Abu Sayyaf in Mindanao and the perpetrators of the Davao bombing.

 “The welfare of our Filipino children should be the utmost priority since they are one of the most vulnerable sectors during these times of lawlessness and armed conflict,” said Sen. Bam Aquino.

 According to Sen. Bam, Republic Act 10821, or the Children’s Emergency Relief and Protection Act provides utmost protection to Filipino children during disasters, calamities and armed conflicts.

 “Kasabay ng ating kampanya laban sa Abu Sayyaf, huwag nating kaligtaan ang kapakanan, pangangailangan at kaligtasan ng mga taong naaapektuhan ng bakbakan, lalo na ang mga bata,” said Sen. Bam, a co-author of the measure, which he filed during his tenure as chairman of the Committee on Youth in the 16th Congress.

 “Mahalagang matiyak natin na mayroon silang pansamantalang matutuluyan, pagkain, gamot, damit at iba pang pangangailangan habang naghihintay na maging normal ang sitwasyon sa kanilang lugar,” he added.

 The law gives priority to children during and after every disaster, such as earthquakes, volcanic eruptions and man-made disasters such as war and armed conflict.

 It will also establish child-centered training to disaster first responders, teachers, psychologists and other volunteers in disaster recovery, relief and rehabilitation, with special modules for different stages of children and youth development.

 It mandates the Department of Social Welfare and Development (DSWD) to formulate a Comprehensive Emergency Program for Children and local government units to integrate the said program in their development and Local Disaster Risk Reduction and Management (LDRRM) plans and budget.

According to Sen. Bam, existing policies will also be reviewed to give better support to Filipino children, especially during disasters, calamities or in armed conflict to help lessen trauma, restore normalcy quickly and build their resilience better.

 “We will continue to work in protecting our Filipino children during disasters, calamities, or armed conflict, but also to reduce trauma and build their resistance to these threats,” he added.

Senate Bill No. 669: Coconut Farmers’ Trust Fund Act

For more than forty years, the coconut farmers have long been fighting for their rights – not just to have access to the Coco Levy – but their right to have the opportunity to develop their industry, and provide better lives for their families and communities as well.

The immense potential of the coconut industry to be a great contributor to the Philippines is largely untapped. With the advancement of farming technology and intercropping, there is a huge possibility to harness the coconut industry to address increasing demands and offer coco fiber, water, and oil, among others to new markets.

It is high time to change its narrative from one of the poorest sector in the country to a great economic driver and source of pride of the Filipino people.

This bill proposes to build the Coconut Levy Trust Fund for the growth of the industry and ultimately, for the benefit of the small coconut farmers and workers all over the country.

The proposal includes the financing of programs for the increased productivity of coconut farms, capacity building of farmers, research and development of coconut-based enterprises, and implementation of poverty-alleviation programs.

The goal is to rehabilitate and revitalize the industry to stimulate production and attract investments that will make it again a viable, profitable and sustainable endeavor. The proposal seeks to modernize the farmers and stakeholders to make coconut production globally competitive and become a vital source of economic income for the country.

The challenge of inclusive growth is that as the Philippines grows, every Filipino should grow as well. This means that every family, every sector, and even the poor and marginalized should be able to experience this growth.

It is thus urgent and important to provide coconut farmers the enabling environment and proper opportunity to thrive and flourish and be able to participate in building this nation.

In view of the foregoing, immediate passage of this bill is earnestly sought.


PDFicon DOWNLOAD SBN 669

Bam pushes for free Internet in all public schools

Believing that high-quality Internet is a crucial necessity in today’s learning environment, a senator wants to establish free Wi-Fi hotspots in all public schools to help students enhance their personal and academic development.

Sen. Bam Aquino’s Senate Bill No. 1050 seeks to establish an Internet Access Program in all public schools in the country, including State Universities and Colleges.

 “Teachers and students should be given access to the Internet for meaningful research, collaboration, and learning,” said Sen. Bam, chairman of the Committee on Education, Arts and Culture in the 17th Congress.

 Instead of discouraging Internet use at schools, Sen. Bam said students must be trained to engage with World Wide Web in a responsible way that furthers their personal and academic development

 Under the measure, the newly-established Department of Information and Communications Technology (DICT) will be tasked to ensure that all public schools provide reliable Internet connection to students, faculty members and other non-teaching personal.

 According to Sen. Bam, this Internet connection must be put up in publicly accessible areas on the premises.

 As chairman of the Senate Committee on Trade, Commerce and Entrepreneurship in the 16th Congress, Sen. Bam spearheaded the investigation into the slow and expensive Internet connection in the country.

 

Bam pushes for support for Filipino scientists, business startups

Senator Bam Aquino calls on concerned government agencies to provide necessary support to Filipino scientists to boost the country capability in terms of research and development.
 
“We want to make sure na ang ating Filipino scientists, hindi lang sila makabalik dito at magkaroon ng opportunities sa ating bansa bagkus pati iyong mga nandito hindi na kailangan lumabas ng Pilipinas,” said Sen. Bam during the hearing of the Committee on Science and Technology which he chairs.
 
Aside from enticing Filipino scientists to return to the country, concerned government agencies must give them more opportunities to thrive through proper benefits and other forms of support.
 
Sen. Bam said his committee will focus on the passage of Senate Bill No. 679 or the Magna Carta for Scientists to help address the issue.
 
Aside from the plight of Filipino scientists, the hearing also tackled the measure providing necessary support for business startups to thrive and compete in the market.
 
“Nakita natin na full support ang DOST, ang DTI, all of the agencies are fully supportive of this bill. This will hopefully unlock our digital startup community,” said Sen. Bam of his Senate Bill No. 175 or the Innovative Startup Act.
 
Among those who expressed support for the bill were Department of Science and Technology Secretary Fortunato dela Pena, other government officials and private stakeholders.
 
“Maraming startup sa ating bansa na magagaling. They have very good ideas pero nasasayang dahil nahihirapan magsimula ng negosyo at nahihirapan sa mga regulasyon,” said Sen. Bam.
 
If enacted into law, Sen. Bam said the Innovative Startup Act will make it easier for tech startups to set up and build successful businesses in our country.

 

Bam: Lower the price of electricity

A senator has submitted a measure seeking to lower power rates by removing Value Added Tax (TAX) from the sale of electricity by all electric companies and cooperatives.

In his Senate Bill No. 670, Sen. Bam Aquino wants to make VAT-exempt the sale of electricity at all stages — from generation, transmission, and distribution — to lessen the expenses of Filipino families.

 “A tax relief on electricity will result in significant savings for Filipino families as well as lower operating costs for businesses, from small restaurants and retail stores to large factories,” Sen. Bam said.

 The measure seeks to amend Section 108 (A) (II) and 109 (1) of the National Internal Revenue Code, as amended by Republic Act No. 9337, to cover sale, transmission and distribution of electricity from VAT-exempted transactions.

 Among them are sales of electricity by generation, transmission and distribution companies and electric cooperatives and services of franchise grantees or electric utilities.

 The senator is also eyeing to exempt from VAT the sale or importation of machineries and equipment, including spare parts, to be directly used by the buyer or importer in the generation, transmission and distribution of electricity

 “We’ve been complaining about our expensive electricity for too long. Something must be done to bring down prices,” Sen. Bam said.

 The Philippines has one of the most expensive electricity costs in Southeast Asia, having the third highest tariffs for residential electricity whereas our neighbors’ electrical distribution is heavily subsidized by their governments.

 The lawmaker added that more than hindering foreign investment, high power rates add burden to average Filipino families that are already struggling to pay for other necessities such as water, food and gas.

 

Bam eyes tax exemption for communities affected by calamities

Business establishments and communities affected by calamities will be exempted from paying taxes once a measure submitted by Sen. Bam Aquino becomes a law.

 “This measure seeks to relieve Filipinos of some taxes to encourage recovery after disaster,” said Sen. Bam as he filed Senate Bill No. 653 or “An Act Providing for Tax Relief in Times of Calamity”.

 The measure mandates real property tax exemption for affected communities after a declaration of a state of calamity.

 In addition, Sen. Bam said business establishments affected by a calamity shall be exempted from income tax payments.

 The bill also provides donor’s tax exemption to organizations, provided that at least 90 percent of the donations go directly to the affected community and not to administrative purposes.

 “Families affected by calamities need our help. Waiving taxes is one way the government can give them support and assistance,” Sen. Bam stressed.

 A total of 6 provinces, 12 cities, 17 municipalities, and 2 barangays have been declared under a state of calamity because of El Niño from February 2015 to March 14, 2016 according to the National Disaster Risk Reduction and Management Council.

Bam seeks to eradicate hunger in 10 years

In an effort to eradicate hunger in the next 10 years, Sen. Bam Aquino has submitted a measure seeking to ensure regular, permanent and unrestricted access to food and nutrition for every Filipino.

 “In this day and age of technology, economic development, and social consciousness, it is inexcusable to allow our countrymen to grow hungry,” said Sen. Bam in Senate Bill No. 712 or the Right to Adequate Food Framework Act.

 “It is our duty to enhance the welfare of our citizens and ensure that every Filipino is given regular, permanent, and unrestricted access to sufficient food and nutrition,” he added.

 Explaining his measure, Sen. Bam it will ensure that land devoted to food production shall be increased to 50 percent of all prime agricultural land in every region.

 The measure will also increase the coverage of school feeding programs, the public budget allocation for the marginalized and disadvantaged Filipinos who are unable to feed themselves, as well as research on agriculture, irrigation, and rural development.

 A Commission on the Right to Adequate Food under the Commission on Human Rights, will be established to ensure its compliance and implementation to ensure proactive and efficient implementation of plans to achieve zero-hunger in the Philippines.

 “The least we can do for our poor countrymen is to actively pursue the eradication of hunger in the Philippines. I urge my colleagues to vote for the passing of this measure,” Sen. Bam said.

 The senator also seeks to alleviate childhood malnutrition in the Philippines through a feeding program for infants, public kindergarten and elementary school children.

 “It will promote the health of children who are most in need, by providing regular and free access to nutritious food within a safe and clean school and community environment,” Sen. Bam said in Senate Bill No. 694 or the “Pagkaing Pinoy para sa Batang Pinoy” Bill.

 In a study called “The State of Food Insecurity in the World 2012”, conducted by the Food and Agriculture Organization (FAO), a total of 16 million Filipinos were considered undernourished from 2010 to 2012.

 Aside from eradicating hunger, the measure will also help alleviate poverty by tapping small-scale producers as sources of 30 percent or more for the supplies for the program.

 These two measures will complement the senator’s Zero Food Waste Act (SBN 357) that called for supermarkets and restaurants to donate unserved food to the poor through food banks.

Bam on Price Fixing and Cartels (‘Umagang Kay Ganda’ Interview)

Q: Pag pinag-uusapan ang Fair Competition, ang isip ng tao, blue market economy. Pang-karaniwang tao ito?

Sen. Bam: Well actually, ang Philippine Competition Act, pasado na ito. Hinihintay na lang iyong pirma ni Presidente. This is actually a landmark bill. Ito ang isa sa pinaka-landmark bill ng 16thCongress.

Sabi nga nila, longest-running bill in Congress. Almost 25 years na itong nakabimbim sa Kongreso. Sabi nga ng maraming eksperto, dapat after World War II pa ito naipasa. Because of vested interest, hindi ito mapasa-pasa.

Finally, napasa natin ito. So we’re very proud of this bill. We’re hoping mapirmahan na ito ng Presidente. Ang lalabanan ito, mga kartel, mga abuses of dominant players. Pabor talaga ito sa ating taumbayan, especially iyong mga namimili.

Q: Ano ang pakinabang ng mga sasakay sa tricycle ngayon, pupunta sa palengke diyan sa panukalang iyan?

Sen. Bam: Unang-una alam naman natin na may nagmamanipula ng presyo ng bilihin. Of course ang pinakasikat diyan ang garlic at onion. 

Mga iba’t ibang mga negosyante, mag-uusap-usap, o hindi muna tayo maglalabas ng mga produkto, pataasin natin. Pagtaas ng presyo, babanatan natin iyong merkado. That’s called price fixing.

Sa ating bansa, hindi malinaw ang batas na nilalabag nila. With this law, pag napasa na ito, malinaw na malinaw puwede mo silang kasuhan ng price fixing among competitors.

Iyong isa pa riyan, iyong tinatawag na abuses of dominant position. Iyong malalaking kumpanya hindi pinapayagan ang mga maliliit na pumasok sa merkado. Kanya-kanyang girian iyan, kanya-kanyang box out iyan.

Kaya for certain industries, kakaunti ang players diyan, kakaunti lang ang mga kumpanya. Alam natin na kapag kakaunti lang ang kumpanya, mataas ang presyo, hindi maganda ang kalidad. That’s also now prohibited.

Q: Kung ano lang ang ibigay ng negosyante, iyon lang ang tatanggapin…

Sen. Bam: Iyon ang monopolyo, wala kang choice. But if itong malalaking players naman, kung lahat sila, patas-patas ang laban, level playing field, whether malaki ka o maliit ka, puwede kang makipagsabayan sa merkado, pabor iyon sa mga tao.

Ang third, iyong tinatawag na mergers and acquisitions. Kapag may malalaking kumpanya, nagsasanib sila, the Philippine Competition Commission, na binubuo ng Philippine Competition Act, puwede silang magsabi na hindi puwedeng magsama ang mga kumpanyang iyan.

Kapag nagsama iyan, masyadong mako-concentrate ang kapangyarihan sa merkadong iyan. You cannot merge. So very powerful ang mabubuong opisina ng Philippine Competition Act, ang Philippine Competition Commission.

Sa ibang bansa, normal iyan e. Kumbaga competition policy is already normal in all the rest of the world. Tayo po, huling-huli tayo dito. Finally, kapag naipasa po ito, masasabi nating nakikipagsabayan na tayo sa buong mundo.

Q: Dito po sa Southeast Asia, pang-ilan tayo doon sa nagkaroon ng competition policy.

Sen. Bam: If I’m not mistaken, tayo ang isa sa pinakahuli. Iyong last na nagkaroon ng competition policy was Malaysia in 2012. But if you look at Europe and the US, 20s, 30s, 40s, 1940s pa iyong kanilang competition policy.  Iyong Japan actually had their competition policy after World War II.

So talagang panahon na magkaroon na ng polisiyang ito. Malabanan natin ang kartel, malabanan natin ang abuses ng mga monopolyo at masiguro nating fair ang merkado sa ating namimili.

Q: Ilang araw na lang ang hinihintay natin bago ito pirmahan ng Pangulo?

Sen. Bam: I’m hoping mapirmahan ito bago ang SONA. Because I think maganda itong i-announce during the State of the Nation. Nakakatawa nga e, itong bill na ito ang pinaka-importanteng bill na hindi alam ng mga tao.

Hindi po talaga siya napag-uusapan but we worked very hard for this bill. Iyong bicam po nito, apat na araw, over 30 hours ng deliberations.  Napakatagal po at napakahirap buuin, but we feel once this bill is passed, pabor po ito sa maliliit na negosyante at pabor sa ating namimili.

Q: Malapit sa sikmura. Maraming salamat Senador Bam Aquino.

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