10963, or the Tax Reform for Acceleration and Inclusion (TRAIN) Act. This year alone, the government is projected to lose P146.6 billion in revenue, as the TRAIN law exempts individuals with an annual salary of P250,000 from paying income tax, the OSG said. “[The] petitioners’ opinion that the TRAIN law will unduly burden the poor is inaccurate. “To reiterate, the TRAIN law is not arbitrary, oppressive and confiscatory, and does not result in the deprivation of life, liberty or property without due process of law,” the OSG insisted. “Thus, the TRAIN law is progressive and equitable,” it said.

Source: Philippine Daily Inquirer May 01, 2018 23:35 UTC