The House of Representatives on Tuesday asked the Finance Department to immediately submit the proposed tax reform package within the week.
“This has been a matter long-awaited by the public. [Besides] the president wouldn’t be pleased if you delay any longer,” Aurora Rep. Dakila Cua, chairman of the House ways and means committee, said.
“Congress which is the slower institution is running faster than you already. So do not delay any further. I know you want to refine, but it will never be perfect, so submit it and we will refine it together,” he said.
Newly-appointed Finance Undersecretary and chief economist Karl Chua said the agency was in final stages of consultation to come out with their version of the bill.
“We are just finalizing. We wanted this to be a very inclusive approach so we didn’t want to submit the bill immediately. We wanted to make sure that we really understand where the different sectors are coming from,” Chua said.
“But we will soon submit definitely within the month. We will do our best at the request of the chair of the ways and means,” he said.