BAM AND JV URGES ADMIN ECONOMIC MANAGERS TO SUSPEND TRAIN LAW DUE TO ARISING COSTS - PHILIPPINE REPUBLIC NEWS

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Tuesday, May 8, 2018

BAM AND JV URGES ADMIN ECONOMIC MANAGERS TO SUSPEND TRAIN LAW DUE TO ARISING COSTS








Senators Bam Aquino and JV Ejercito urged the government economic managers to suspend the Tax Reform for Acceleration and Inclusion law (TRAIN) due to the complaints of rising prices of basic and staple commodities.
Bam, one of the four senator voted against the ratification of the TRAIN LAW clearly stated that “We owe it to the Filipino people, especially the poor, to ensure that TRAIN is not making lives more difficult. We must look for immediate solutions, like the suspension of excise taxes.” 
The Senate Committee on Economic Affairs, chairman Sen. Sherwin Gatchalian, will conduct the hearing on May 9, 2018 of the inflation including services and goods.




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