Senator Bam Aquino asked the government to focus on the welfare of the Filipino people rather than think about revenue from the Tax Reform for Acceleration and Inclusion (TRAIN) Law. 

“Hindi kayang tumbasan ng kita ng gobyerno sa TRAIN ang hirap ng taumbayan na nalulunod sa taas presyo,” said Sen. Bam, one of four senators who voted against the ratification of the government’s tax reform program. 

“Ang malala pa rito, huli na at kulang pa ang tulong ng gobyerno para sa mga mahihirap na sinasagasaan ng TRAIN Law,” added Sen. Bam, referring to the mitigating measures under the tax reform law like the Unconditional Cash Transfer Program and the Pantawid Pasada Program.

Sen. Bam made the pronouncement in reaction to the government’s claim that it stands to lose P102 billion in 2019 if Sen. Bam’s measure that aims to suspend excise tax on petroleum products under the TRAIN Law is enacted into law. 

Under Sen. Bam’s measure, the excise tax on fuel under the TRAIN Law will be suspended and rolled back when average inflation rate surpasses the annual inflation target over a three-month period. 

Sen. Bam also stated that the government has enough funds for its priority programs and projects as it has P390 billion in untouched budget in 2017. 

“Sapat ang pondo ng gobyerno, aabot pa nga sa P390 bilyon ang hindi nila nagamit noong nakaraang taon. Huwag naman natin pahirapan pa ang mga pamilyang sumasaklolo sa taas-presyo,” the senator urged. 

“Suportahan sana ng administrasyon ang pag-roll-back sa excise tax sa petrolyo at siguraduhing sususpindihin ang dagdag na buwis sa petrolyo sa 2019 dahil sa TRAIN,” Sen. Bam added.