Drilon presents substitute sin tax bill

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.