outbrain
Close  

Angara welcomes Duterte’s promise to cut income tax rates

By: - Reporter / @TarraINQ
/ 11:07 PM July 25, 2016

MANILA, Philippines—Sen. Juan Edgardo “Sonny” Angara on Monday welcomed President Rodrigo Duterte’s promise to cut income tax rates, vowing to push for legislation that would see its fruition.

ADVERTISEMENT

“I am happy with President Duterte’s statements and we should give momentum to the push to reform our tax system,” said Angara, the chief lawmaker who proposed to lower income tax rates, factoring in inflation.

“If I am given the leadership of the ways and means committee, we will prioritize these measures but we will need the help of the Lower House since all tax measures must originate from them under our Constitution,” he said.

FEATURED STORIES

The Duterte administration had earlier said it was planning to bring down tax rates from the current 32 percent to 25 percent, leaving wage-earners with more to spend on their own.

Angara had staunchly pushed for lower income tax rates in the last Congress, pegging deductible taxes to income brackets. TVJ

RELATED STORIES

READ: President Duterte’s first State of the Nation Address

Duterte’s first Sona draws cheers, jeers from netizens

RELATED VIDEOS

ADVERTISEMENT

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

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.

TAGS: Angara, Income Tax Rates, Juan Edgardo Angara, President Duterte, Rodrigo Duterte, Sonny Angara
For feedback, complaints, or inquiries, contact us.
newsinfo

Bulacan town gears up for biggest cookie jar

January 20, 2020 04:17 AM

lifestyle

18th-century drawings show fury of Taal

January 20, 2020 04:10 AM

opinion

Where’s disaster-focused department?

January 20, 2020 04:08 AM

lifestyle

Music-making in Volcano country

January 20, 2020 04:07 AM

opinion

Preparing youth for emergency volunteerism

January 20, 2020 04:07 AM



© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.