suspension of excise tax

Sen. Bam thanks government for fuel tax suspension, appeals for complete repeal of TRAIN Law tax on petroleum

Sen. Bam Aquino lauded the government for listening to the people’s plea and suspending the excise tax on fuel under the Tax Reform for Acceleration and Inclusion (TRAIN) Law, saying this could lead to its eventual removal.
 
“Nagpapasalamat tayo sa Presidente at sa kanyang economic managers sa pag-aksyon sa isyu na matagal nang daing ng mga pamilyang nahihirapan sa taas ng presyo ng bilihin,” said Sen. Bam, one of four senators who voted against the ratification of the TRAIN Law.
 
“Ito’y tagumpay ng mga Pilipinong matagal nang humihiling ng tulong sa matinding pagtaas ng presyo,” added Sen. Bam, who has been calling for the suspension and roll-back of TRAIN Law’s tax on fuel since May this year.
 
Sen. Bam made the reaction after Budget Sec. Ben Diokno announced that the government will suspend the excise tax on fuel under the TRAIN Law in 2019.
 
Sen. Bam hopes that the government’s move is an indication of its willingness to eventually remove the all of the excise tax on fuel under its tax reform program, which could lead to lower prices of food and other goods.
 
“Mahalaga po itong suspension ng dagdag-buwis sa Enero, pero mahalaga rin tanggalin ang buwis na nakapataw na sa ngayon. Kailangan pa ring tugunan ang problema ng mga kababayan nating nalulunod sa mahal na presyo ng bilihin,” said Sen. Bam.
 
Despite this development, Sen. Bam is determined to push for the passage of his Senate Bill No. 1798 or the Bawas Presyo sa Petrolyo Bill, which he filed last May.
 
The measure attempts to change and fix the TRAIN Law by ensuring the suspension and rollback of fuel tax once the country’s inflation rate is too high.

Sen. Bam: January excise tax suspension is small victory against price crisis, a win for Filipinos

Panalo ang pamilyang Pilipino sa pagsuspindi ng dagdag buwis sa gasolina, diesel at iba pang produktong petrolyo sa Enero. 
 
Ituloy natin ang pagtutulungan at pagtrabaho sa mga solusyon sa krisis na ito para sa mga kababayan nating nalulunod sa matinding pagtaas ng presyo. 
 
Magandang unang hakbang ito sa ating hangaring tuluyang alisin ang buong excise tax sa petrolyo na pinataw ng TRAIN Law.

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: Roll back excise tax ASAP, next year is too late

We welcome the openness of Malacanang to the suspension of additional excise taxes in 2019, but this is too little, too late.
 
Ang hinahanap ng taumbayan ang pag-rollback sa presyo ng petrolyo at iba pang bilihin.
 
Kaya sa aming panukala, babawiin pati ang dinagdag na excise tax on fuel na pinataw na sa merkado ngayong 2018. 
 
Umaasa kami na susuportahan ang safeguard na ito ng aming mga kasama sa Senado.
 
Kailangan protektahan mula sa TRAIN at taas-presyo ang mga mahihirap na Pilipino. Nalulunod na sa taas ng presyo ang ating mga kababayan.

Sen. Bam to govt: Care for poor families, support TRAIN suspension

Senator Bam Aquino called on the government to prioritize poor Filipinos and support the suspension of the Tax Reform for Acceleration and Inclusion (TRAIN) Act, particularly the excise tax on fuel. 
 
Sen. Bam made this pronouncement as he filed 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.” 
 
“We must protect Filipinos from the rising prices of goods and services,” said Sen. Bam, one of four senators who voted against the TRAIN law’s ratification. 
 
“Milyon-milyon ang mga pamilyang nababalisa tuwing tumataas ang presyo ng bilihin tulad ng bigas, sardinas, kuryente at pamasahe,” said Sen. Bam, adding that the government needs to play an active role in managing inflation and ensure that our countrymen can survive the rise in prices. 
 
“Kakaunti na lang ang nabibili ng pera ng pamilyang Pilipino dahil sa taas ng presyo ng bilihin na dulot ng TRAIN,” added Sen. Bam. 
 
In his 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. 
 
“It is our responsibility to be flexible and responsive when the weight of inflation becomes too heavy for the poor Filipino families to bear,” said Sen. Bam. 
 
During the TRAIN’s deliberation, senators approved Sen. Bam’s amendment to include a safeguard where the implementation of TRAIN Law will be stopped once inflation rate breaches the “target range.” 
 
However, the provision was not included in the bicameral conference committee and the approved version of the measure.

Sen. Bam to hit the brakes on TRAIN Law

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.

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