Senator Francis “Chiz” G. Escudero warned the government anew against introducing new tax measures as they would burden a people who have yet to recover from the pandemic.
SENATOR Francis “Chiz” G. Escudero warned the government anew against introducing new tax measures as they would burden a people who have yet to recover from the pandemic.
“Taxation should be the last resort, not the first option,” the senator said, adding: “You reduce unnecessary expenses to cancel the need for unreasonable taxes.” Moreover, Escudero aired concerns that “extracting more taxes from the people is the wrong way to revive an economy hit by a pandemic.”?” the senator posited. [How will they rise, if they are pulled down by new taxes?]
The senator warned that “adding high taxes to high prices of goods is like pouring gasoline on fire, viewing the last six years as a “very taxing season as a train, or a Train [law], of revenues was passed.”Escudero suggested that the Marcos government “should not reward our people’s tax obedience with more taxes or that would be a form of compliance punishment.” “If new tax proposals are being assembled, I would ask the President to please press the ‘pause’ button,” he added.
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