Philippine President Commends House of Representatives for Passing Tax Break Bills

Strategic Insights -

Philippine President Gloria Macapagal-Arroyo has expressed her gratitude to the House of Representatives for pushing through with the legislative process, particularly in passing bills that provide tax breaks for low-income wage earners. The passing of these bills is seen as a crucial step in alleviating the burdens of the Filipino people, increasing their purchasing power, and fostering economic growth. The President has emphasized the importance of continued cooperation with Congress to address the pressing issues of the country. President Arroyo has appealed to the public to focus on vital pieces of legislation that are sensitive to the people's demands for greater economic and political security.

Key Takeaways:

  • President Gloria Macapagal-Arroyo commended the House of Representatives for passing 39 bills of local and national importance, including the tax break measure for low-income wage earners (House Bill 5296).
  • The House of Representatives approved several pro-labor bills, including House Bill 372, which provides for the execution of final decisions and awards of the National Labor Relations Commission, and HB 376, which requires employers to abide by prohibited acts of discrimination against women on account of gender.
  • President Arroyo appealed to the public to focus on the passing of vital pieces of legislation that address the pressing issues of the country.
  • The President emphasized the importance of cooperation with Congress to alleviate the burdens of the Filipino people, increase their purchasing power, and foster economic growth.
  • The government has made tough decisions to get the economy back on track, elevate business confidence, create jobs, and bring basic services to the doorstep of the poor.

Statistics:

  • 39 bills of local and national importance were passed by the House of Representatives, including the tax break measure for low-income wage earners (House Bill 5296).
  • The House Bill 5296 proposes to increase personal exemptions for wage earners, redressing individual income taxes.
  • 3 pro-labor bills were passed on third reading, including House Bill 372 and HB 376.
  • The government aims to increase the purchasing power of workers and foster economic growth through cooperation with Congress.

Sources:

  • PNA (Pulse News Agency)