ICYMI : President Ferdinand Marcos Jr. vetoed two measures seeking the tax exemption of poll workers’ honoraria, and the creation of a transportation safety board.
FILE PHOTO: President Ferdinand “Bongbong” Marcos Jr., during the inauguration ceremony at the National Museum in Manila, Philippines, June 30, 2022. REUTERS/Eloisa Lopez/File Photo
MANILA, Philippines — President Ferdinand “Bongbong” Marcos Jr. vetoed two measures seeking the tax exemption of poll workers’ honoraria, and the creation of a transportation safety board. Marcos made his decision known through two separate letters addressed to the Congress, — both the Senate and House of Representatives.According to Marcos’ letter, House Bill No. 9652 or Senate Bill No. 2520 entitled “runs counter to the objective of the government’s Comprehensive Tax Reform Program to correct the inequity in the country’s tax system and negate the progressivity of the reforms introduced under RA 10963 or the TRAIN law.
“Moreover, the studies of pertinent government agencies on the revenue loss is too substantial an impact to be foregone,” he said.
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