Romualdez not giving up on tax measure approval
LEYTE Rep. Martin Romualdez said Friday he is not giving up on President Benigno Aquino III approving the measures aimed at reducing personal and corporate income taxes to ease the burden of workers and middle-income families.
He said he believed the continuing dialogues between government officials and Congressional leaders would help polish the proposal on the revenue plan for the President’s approval.
“As lawmakers, we should not stop finding ways to help the workers to show our compassion to them,” Romualdez said in a statement.
“I am not losing hope despite the opposition of the President for the sake of our ordinary workers.”
Romualdez said he was optimistic Malacañang would reconsider its position rejecting the tax measures.
But Aquino has said he is not convinced that the measures will benefit Filipinos.
“If we lower the income tax rates, the revenues will be smaller while the deficit will be wider. The widening deficit will be a negative factor when credit ratings agencies rate us,” he said.