Instead of making excuses, Senator Bam Aquino called on the government to find solutions to lower the prices of goods and services due to the Tax Reform for Acceleration and Inclusion (TRAIN) Law.

In his privilege speech on Wednesday, Sen. Bam insisted that the Filipino people are heavily burdened by the high prices of goods and services, in addition to the impending increase in electricity and jeepney and LRT fares.

“Nalulunod na po ang mga mahihirap nating kababayan sa patuloy na pagtaas ng presyo ng bilihin,” said Sen. Bam, one of four senators who voted against the ratification of TRAIN Law.

“Tumataas din ang presyo ng kuryente, ang presyo ng bigas, at humihingi na ng fare hike ang mga jeepney drivers at operators, pati na ang LRT. Kaya naman napakarami na ang umaalma,” added Sen. Bam.

Sen. Bam emphasized that the effects of the TRAIN Law in the increase in prices of commodities are evident and the Filipino people are crying for help from the government to alleviate their plight.

Sen. Bam pointed out that Filipinos, especially the poor, are expecting the government to provide solutions to the increase in prices of goods and services.

“Habang patuloy ang debate sa mga rason ng pagtaas ng presyo, ang hinahanap ng taumbayan solusyon, hindi po dahilan,” said Sen. Bam.

In his speech, Sen. Bam offered three solutions to alleviate the burden of the Filipino people brought about by the TRAIN Law, including the full implementation of the unconditional cash transfer program under the TRAIN Law and by addressing the high price of rice in the market.

Most importantly, Sen. Bam batted for the passage of his measure that seeks to suspend the excise tax on fuel under the TRAIN Law when the average inflation rate surpasses the annual inflation target over a three-month period.

“Under this bill, when inflation exceeds the target range for three consecutive months, the excise tax on fuel will be rolled back,” said Sen. Bam.

Sen. Bam successfully included this safeguard during the TRAIN deliberations, but the provision was removed from the final draft of the law during the bicameral conference.