{"id":64346,"date":"2015-11-06T04:12:57","date_gmt":"2015-11-06T10:12:57","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=64346"},"modified":"2015-11-06T04:12:57","modified_gmt":"2015-11-06T10:12:57","slug":"legislative-heads-to-ask-aquinos-support-on-tax-deduction","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/11\/06\/legislative-heads-to-ask-aquinos-support-on-tax-deduction\/","title":{"rendered":"Legislative heads to ask Aquino\u2019s support on tax deduction"},"content":{"rendered":"<figure id=\"attachment_22321\" aria-describedby=\"caption-attachment-22321\" style=\"width: 600px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/08\/Congress.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-22321 size-full\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/08\/Congress.jpg\" alt=\"(Malaca\u00f1ang stock photo)\" width=\"600\" height=\"410\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/08\/Congress.jpg 600w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/08\/Congress-300x205.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><figcaption id=\"caption-attachment-22321\" class=\"wp-caption-text\">(Malaca\u00f1ang stock photo)<\/figcaption><\/figure>\n<p>House Speaker Feliciano Belmonte Jr. and Senate President Franklin Drilon will meet with President Benigno Aquino III on Monday to ask for the President\u2019s support on the proposal to decrease corporate and personal income tax rates.<\/p>\n<p>\u201cThe Senate President and I will meet the President on Monday, and among the important things we talked about this morning is income tax. The version pending with us is an indexation of the values of the amount mentioned, without changing the rates of the particular taxes,\u201d Belmonte told Manila Bulletin.<\/p>\n<p>Belmonte and Drilon\u2019s income tax proposal was dubbed as pro-worker and aims to adjust income tax brackets to inflation.<\/p>\n<p>On September, Rep. Miro Quimbo and Sen. Sonny Angara also had a meeting with the president to lobby the same proposal. President Aquino, during the meeting, was receptive to lowering income taxes.<\/p>\n<p>\u201cSalaries have been adjusted for inflation but tax brackets remain unadjusted since 1997,\u201d Quimbo said in the same report.<\/p>\n<p>\u201cAs income of salaried individuals is increased to keep it on a par with rising inflation, they are pushed into higher income brackets, and thus are compelled to pay more taxes than they should,\u201d he added.<\/p>\n<p>According to Quimbo, only 5.7 million of 22 million registered taxpayers pay taxes. The Philippines has the highest tax rate in South East Asia.<\/p>\n<h3 class=\"r\"><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>House Speaker Feliciano Belmonte Jr. and Senate President Franklin Drilon will meet with President Benigno Aquino III on Monday to &hellip;<\/p>\n","protected":false},"author":33,"featured_media":22321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1145,16,95],"tags":[249],"class_list":["post-64346","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headline","category-news","category-news-ph","tag-rewrite","mauthors-katherine-padilla","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/64346","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=64346"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/64346\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/22321"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=64346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=64346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=64346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}