spot_img
28.9 C
Philippines
Monday, September 30, 2024

Romualdez ready for tax battle

MALACAÑANG does not consider the proposals to reduce the personal and corporate taxes as priorities, but Leyte Rep. Ferdinand Martin Romualdez said Friday he was looking forward to tackle the measure when Congress resumes its sessions on Nov. 3.

Rep. Ferdinand Martin Romualdez

He said  he was optimistic that the bills aimed at reducing personal and corporate income taxes would pass the House of Representatives as Speaker Feliciano Belmonte Jr. had vowed to include them in the list of legislative priorities.

- Advertisement -

“We have been reiterating our call for Malacañang to put on their list of legislative agenda the measure to cut taxes that we have considered as a ‘malasakit gift’ for the millions of Filipino workers this Christmas,” Romualdez said.

“If passed into law, this measure will surely benefit millions of ordinary workers,” he said.

Romualdez, who is seeking a senatorial post under the Lakas-UMD party, praised Belmonte’s stance on the bills seeking to cut taxes. 

Belmonte has said the House leaders will again sit down with President Benigno Aquino III to convince him to approve the tax cuts.

“The statement of the speaker is a welcome development because we have been appealing to them to please include in the priority list the approval of the tax-cut measures,” Romualdez said.

LATEST NEWS

Popular Articles