At the House of Representatives, Magdalo Rep. Gary Alejano has formally sought a congressional inquiry into how the price increases caused by the TRAIN law have affected Filipinos. The TRAIN law exempted from the payment of income tax workers earning up to P250,000 starting Jan. 1, but raised the excise tax on a host of goods and services. Thus, he said, new legislation would be needed to suspend the tax law. “It might be wise to consider the suspension of the TRAIN law if the trend continues to breach the inflation threshold,” Ejercito said. He said the economic managers should seriously assess the impact of the TRAIN law given the upward trend of the numbers.

Source: Philippine Daily Inquirer May 08, 2018 23:15 UTC