A content-based approach to the sugar-sweetened beverage (SSB) tax would generate more revenue for the government instead of a volume-based scheme, Senator Win Gatchalian has said as he called on the government to develop technological and knowledge capacities to implement the scheme.
Senator Win Gatchalian is advocating the expansion of the personal income tax exemption provided in the Senate version of the proposed Tax Reform for Acceleration and Inclusion (TRAIN) Act as a means of decreasing the burden to be imposed on near poor households by the new tax regime.
Gatchalian, who spent the weekend meeting with local government officials, top military brass, and civilian evacuees in Marawi City and surrounding municipalities, explained that the initial proposal of P20 billion would not be enough to rebuild key infrastructure and provide quality basic social services to the hundreds of thousands of area residents displaced by the conflict.
The Senate on Monday unanimously approved on third and final reading a measure which promotes greater transparency and public accountability in the formulation and implementation of the executive department's economic policies.
Senator Win Gatchalian over the weekend urged the National Economic Development Authority (NEDA) to fast-track the formulation of a detailed plan-of-action to jumpstart the local economy of Marawi City, expressing optimism in the city's potential to become a regional economic powerhouse.
Senator Win Gatchalian on Wednesday urged the national government to put into place a concrete plan to implement the cash transfer program meant to shield poor Filipinos from the inflationary effects of the proposed tax reform package, which is still pending legislative approval.
The Senate has approved a scathing report detailing the dysfunctional state of the Philippine telecommunications industry, laying the groundwork for the passage of a series of landmark bills aimed at drastically improving the quality of telco services while also driving down the oppressive costs shouldered by consumers.
Senator Win Gatchalian has expressed confidence that the Senate would be ready to act on priority legislation which will complement the economic agenda outlined by President Rodrigo Duterte during his second State of the Nation Address (SONA).