{"id":61420,"date":"2015-09-16T17:32:20","date_gmt":"2015-09-16T09:32:20","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=61420"},"modified":"2015-09-16T17:33:40","modified_gmt":"2015-09-16T09:33:40","slug":"labor-groups-criticize-aquino-for-rejecting-income-tax-reforms","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/09\/16\/labor-groups-criticize-aquino-for-rejecting-income-tax-reforms\/","title":{"rendered":"Labor groups criticize Aquino for rejecting income tax reforms"},"content":{"rendered":"
\"President<\/a>
President Benigno “Noynoy” Aquino III (Photo from Aquino’s official Facebook page<\/a>)<\/figcaption><\/figure>\n

MANILA \u2013 President Benigno \u201cNoynoy\u201d Aquino III\u2019s move to junk the passage of the Congress\u2019 income tax reform bill, which sought to lower the personal and commercial income tax rates, earned him irks from fixed-income employees.<\/p>\n

The Partido ng Manggagawa (PM) and the Trade Union Congress of the Philippines (TUCP) shunned Aquino for settling with the \u2018status quo\u2019 which was a \u2018short-sighted\u2019 move and meant no change for overburdened workers.<\/p>\n

PM chairman Renato Magtubo expected that the President would again favor the business economy rather than the working class.<\/p>\n

Aware of the revenue losses the tax reform would entail, the PM pointed out that the assumed loss of P30 billion in revenues was only about two percent of the Bureau of Internal Revenue\u2019s (BIR) total tax collection of P1.335 trillion.<\/p>\n

\u201cWhile in the short run, government coffers will be affected, in the long run, the government and the economy will benefit from it,\u201d Magtubo said.<\/p>\n

\u201cBy making the P30 billion a non-negotiable bottom line, President Aquino simply views taxation as a tool for revenue generation and not as an equalizer or instrument for social justice,\u201d he added.<\/p>\n

TUCP spokesperson Alan Tanjusay, for his part, acknowledged the revenue losses but asserted that these could be regained as the workers would have increased buying capacity.<\/p>\n

\u201cWe were expecting that the least he would do is to revise the figure into a compromise, if not, a phased tax cut. But to rather shot down the entire measure outright, President Aquino has permanently sealed further the fate of workers,\u201d Tanjusay said.<\/p>\n

\u201cHe (Aquino) has not provided any relief for workers who helped build a competitive economy under his administration,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA \u2013 President Benigno \u201cNoynoy\u201d Aquino III\u2019s move to junk the passage of the Congress\u2019 income tax reform bill, which …<\/p>\n","protected":false},"author":33,"featured_media":61421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1145,16,95],"tags":[249],"class_list":["post-61420","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headline","category-news","category-news-ph","tag-rewrite","mauthors-cyra-moraleda","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/61420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=61420"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/61420\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/61421"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=61420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=61420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=61420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}