Senator Franklin Drilon
MANILA, Philippines – A substitute bill, which seeks to generate between P40 billion and P45 billion from alcohol and tobacco, was presented on the floor on Tuesday by Senator Franklin Drilon, acting chairman of the Senate committee on ways and means.
The proposal was higher than the P30 billion revenue target approved by the House of Representatives but lower than Malacañang’s original proposal of P60 billion.
Before this, Drilon moved to terminate the period of interpellation on the committee report that was endorsed and sponsored on the floor by form chairman of the committee, Senator Ralph Recto, who resigned from his post.
The Senate has yet to adopt or reject Drilon’s proposal.
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