It will generate additional revenues of roughly P34 billion in the first year of implementation that will be washed-out for the universal health care program and tobacco farmers livelihood.
Aquino, who flexed his governmental muscle to get the measure passed, thanked lawmakers and advocates who helped push for the reform bill.
umteen believed it was impossible to pass the sin tax bill. Those who are argue it are strong, noisy, organized, and they have deep pockets.
But we have proved: nothing is impossible for Filipinos who are sailing in the comparable direction, whose hearts are in the right place, and who are lay to fight for their principles, he said.
He then gave assurance that the law will provide a level playing ambit for industry players. Its not fair that different taxes are utilize on the same products, he stressed.
Passing the measure is a milestone for Aquino, who succeeded in what his predecessors tried that failed to do. Efforts to rebody structure the coin tax system never made it out of deputation level in Congress in nearly 16 years.
Debates, controversies
The road to a reformed sin tax structure was thorny.
It was full of heated debates that diluted what was initially an ideal bill, as well as controversies that saw the resignation of some lawmakers from their perpetration posts.
In the Senate, ways and means committee chairman Senator Franklin Drilon pushed for the measure, manifestation it will not only increase government collections, but also discourage the poor from consuming sin products and control them from getting sick.
But Senators Ralph Recto and Ferdinand Bongbong Marcos Jr argued that the bill would displace tobacco farmers and modify smuggling.
Drilon became committee chair after Recto resigned from the post. Recto stepped down when he displace flak for...If you want to get a full essay, lodge it on our website: Orderessay
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