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July 17, 2017 by bayanmuna_admin

 

BAYAN MUNA CONDUCTING LECTURES AGAINST DOF TAX REFORM PACKAGE

Says poorest 60 million Filipinos would be hardest hit by DOF measure

 

Bayan Muna Partylist, led by Rep. Carlos Isagani Zarate, is currently conducting a series of forum-cum-dialogue lectures all over Metro Manila to educate people against the “anti-poor tax reform package of the Department of Finance (DOF).”

This activity will also serve as preparation for the second State of the Nation Address (SONA) of Pres. Rodrigo Duterte.

“While this tax reform measure is giving more incentives to the rich, it is, on the other hand, burdening even more the ordinary consumers and the poor who will bear the brunt of the impact of the proposed new taxes,” the progressive solon said, even as he called on the people, particularly the organized sectors, "to oppose, launch and participate in more protest actions against the deceptive, anti-people House Bill 4774 being pushed by the Department of Finance.”

"Ang mga mahihirap talaga ang tatamaan nito dahil sa excise tax pa lang ng langis at pagpapalawak pa ng value added tax (VAT), hagip na kaagad sila. Unfortunately, ito ang gusto ng mga neo-liberal economic managers ng administrasyon, sa pangunguna  ni Finance  Sec. Dominguez." said the Davao-based solon. 

Based on the studies of IBON Foundation, the  DOF will in effect take away Php737 annually from the pockets of the poorest 2.3 million families with an average monthly household income of just Php5,214 in 2018 (first and lowest income decile), Php980 from the next poorest 2.3 million families with monthly income of Php8,315 (second income decile), Php1,163 from the next poorest 2.3 million families with monthly income of Php10,691 (third income decile), Php1,374 from the next poorest 2.3 million families with monthly income of Php13,015 (fourth income decile), Php1,687 from the next poorest 2.3 million families with monthly income of Php15,746 (fifth income decile), and Php2,088 from the next poorest 2.3 million families with monthly income of Php19,269 (sixth income decile).

“This means that the poorest 60 million Filipinos will pay more taxes under the proposed tax package with higher prices on food, drinks, LPG, transport fares, electricity, housing and other basic goods and services they consume. It will in effect take away Php737 from every rice farmer, Php980 from every farm worker, Php1,163 from every construction worker, Php1,374 from every private school teacher, Php1,687 from every bookkeeper, and Php2,088 from every machine tool operator. The figures from a DOF table supposedly computing the change in annual take-home pay in 2018 are however likely even underestimated. For instance, the DOF has also estimated that the oil excise tax alone will increase a fisherman’s fuel expenses by Php1,089 and of a farmer’s by Php1,210 with the VAT and inflationary impact even coming on top of these,” said the progressive solon, quoting from the IBON paper.

 

"Makikita talaga na galit sa mahihirap at pabor sa mayayaman ang DOF.Marapat na buong lakas na tutulan at labanan natin ang mga polisiyang inilalabas nila na nakasasama sa karamihan ng mamamayan," ended Rep.Zarate.###

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