Press Release
September 3, 2018

VP Leni, House Minority throw support behind Sen. Bam's Bawas Presyo Bill

Vice President Leni Robredo and members of the House minority have thrown their full support for the passage of Sen. Bam Aquino's Bawas Presyo Bill to alleviate the burden of the Filipino people due to high prices of goods and services.

"Panahon na para umaksiyon at maghanap ng kongkretong solusyon sa mahal na presyo ng bilihin," said Vice President Robredo during a press conference where she was joined by Sens. Aquino and Francis "Kiko" Pangilinan and Cong. Miro Quimbo and Kit Belmonte.

According to Vice President Robredo, it is high time for the government to suspend the excise tax on fuel under the Tax Reform for Acceleration and Inclusion (TRAIN) Law, which is being pushed under Sen. Bam's Senate Bill No. 1798 or the Bawas Presyo Bill.

"I-suspend na ang probisyon ng TRAIN 1 ukol sa excise tax sa krudo at i-review ang anumang additional cash transfer," said Vice President Robredo.

Quimbo, for his part, is set to file a counter-part measure of the Bawas Presyo Bill in the House of Representatives.

"Kaya kami nagsama-sama upang iparating sa pamahalaan na ito ang urgent na ang problemang ito at kailangan ng mabilis na solusyon. Nalulunod na sa taas ng presyo ang mga Pilipino," said Sen. Bam, one of four senators who voted against the ratification of the TRAIN Law.

Sen. Bam stressed that the measure will help ease the suffering of the Filipino people, especially the poor, from the high prices of goods and services brought by the TRAIN Law.

"May magagawa ang gobyerno para mapababa agad ang presyo ng bilihin. Nasa harap na ng ilong ng economic managers ang solusyon pero bakit ayaw nilang gawin?" Sen. Bam emphasized.

"Ang Bawas-Presyo Bill ay simpleng solusyon sa napakalaking problema ng pagtaas ng presyo ng bilihin," added Sen. Bam.

Sen. Bam said his measure, if enacted into law, will immediately suspend and roll back the excise tax on fuel, meaning that prices of gasoline and diesel will go down by P2.65 and P2.50 per liter, respectively. The price of LPG will go down by one peso per kilo or P11 per 11-kilogram tank.

"Mapipigilan pa natin ang pagtaas ng excise tax sa Enero 2019 kung kikilos agad ang gobyerno para hindi na madagdagan pa ang paghihirap ng taumbayan," said Sen. Bam.

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