Re-electionist Bam Aquino says he is against TRAIN ‘from beginning’MANILA, Philippines — Re-electionist Sen. Paolo Benigno Aquino IV renewed his calls to suspend provisions in the Tax Reform for Acceleration and Inclusion Law during ABS-CBN’s HARAPAN senatorial debates Sunday evening. “I was one of four who voted against the TRAIN Law,” Aquino said. INTERAKSYON: House ratifies train tax bill despite quorum question“The government had already admitted that if TRAIN would be passed, prices would increase,” Aquino said in Filipino. While TRAIN lowered income tax rates, Aquino believes it was not enough to offset the rising cost of goods, which he blames on the excise taxes. No other issues with TRAINThe TRAIN Law, which took effect in 2018, lowered the tax on personal income tax rates.

Source: Philippine Star February 18, 2019 10:39 UTC