By Argyll Cyrus B. Geducos
The Department of Trade and Industry has denied the Makabayan bloc’s claim that the Tax Reform for Acceleration and Inclusion Act will do more harm than good for the common Filipino in the long run.
Makabayan cited the “regressive” nature of the new law which is contrary to the Constitution’s prescription of a “progressive” taxation.
In an interview with Communications Secretary Martin Andanar over Radyo Pilipinas, DTI Secretary Ramon Lopez called Makabayan’s claims as mere rhetoric.
“Iyong ganoon hong mga remarks ho kasi, I would say mga rhetoric siguro – iyong parati nilang sinasabi kahit walang basehan,” Lopez said.
“Ito po ay pro-poor dahil ang nakinabang hong malaki dito, iyong mga minimum wage earner na ngayon ay may extra income sila, mas malaki ang take home pay nila,” he added.
