Tuesday, January 1, 2019

Bayan Muna lawmakers call on SC: Declare TRAIN law unconstitutional

Bayan Muna party-list Representatives Neri Colmenraes and Carlos Zarate / photo file from Inquirer

Manila, Philippines - Bayan Muna Party-list officials are calling on the Supreme Court (SC) to decide favorably to their appeal to declare  the Tax Reform for Acceleration and Inclusion (TRAIN) law as unconstitutional.

Bayan Muna Rep. Carlos Zarate and Party-list chairman Neri Colmenares petitioned that even on the second tranche of TRAIN's additional excise tax on oil and petroleum products, the SC would consider.

The said officials cited TRAIN's procedural lapses, its impact to the public, and violation of  the Constitution’s provision on progressive taxation.

Colmenares reasoned that instead of benefiting from the decrease of oil prices in the world market, Filipinos would have to endure the artificially high prices caused by TRAIN's second tranche of excise tax beginning this month.

“As another round of additional excise taxes on oil and petroleum products are implemented, another year-on-year rise in consumer prices can be expected, just like what happened last year,” the former congressman added

Meanwhile, Zarate, fears that inflation hike last year could only be an introduction because there will be additional taxes this year

“As can be seen in the first three quarters of 2018 that there is runaway inflation and skyrocketing prices that hit our country. It only subsided when the Duterte administration floated that they would not implement the second tranche of the TRAIN law and oil prices subsided in the world market." he said

“But now that the Department of Finance (DOF) rescinded on their proposal, we could expect another wave of price shocks to hit consumers,” the Davao-based solon added

Source: Manila Bulletin