Sotto to DOF: Convince senators on TRAIN 2 benefits if you want it pushed
Senate President Vicente Sotto III urged on Saturday the Department of Finance (DOF) to convince senators of the benefits of the proposed Tax Reform for Acceleration and Inclusion (TRAIN) 2 if its officials really want it pushed.
According to Sotto, no senator want to file the bill after seeing the consequences or effects of the current TRAIN law 1. He said there are also two measures that could also complement the target benefits of TRAIN 2.
“Imbis na tawagin mong TRAIN 2, bakit hindi mo tawaging measure sa amin na nakafile, ‘yung rationalization of tax incentives at tsaka ‘yung rice tarrification bill. Pwedeng ‘yun,” Sotto told dwIZ on Saturday.
(Instead of calling it TRAIN 2, why not call it the measures filed in the Senate, the rationalization of tax incentives and the rice tariffication bill? It could also compensate.)
“Ang Department of Finance muna kailangan kumbinsihin sila [of the two measures], o kaya ang Department of Finance officials kumbinsihin kami,” he told dwIZ on Saturday.
(We should first convince the Department of Finance, or officials of the Department of Finance should convince us.)
Sotto said senators are “afraid” to support the proposed second TRAIN but could change minds if “proven that TRAIN 2 is beneficial.”
“Ang namamayani na mentality sa mga senador ay yung parang napaso sa TRAIN 1 [The prevailing mentality among senators now is they have been burned by TRAIN 1],” said Sotto.
“Kung ang sinasabi nila ay totoo na makakabuti […]. Tingnan nating mabuti. We have a few months to study it well,” he said.
(If what they say is true that it will do good […]. Let’s see. We have a few months to study it well.) /jpv
Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.