metromanila.politics.com.ph

Alejano calls for suspension of TRAIN law amid rocketing inflation

0 1,149

Magdalo partylist Rep. Gary Alejano has filed a House resolution calling for an immediate review of the Tax Reform for Acceleration and Inclusion (TRAIN) law and its adverse impact on the poor, so that the House of Representatives may recommend the suspension of its implementation.

Under House Resolution 1838, the Magnificent 7 lawmaker called on his colleagues in Congress to study the possibility of suspending the implementation of the TRAIN law as well as its “impact on the way of life of Filipinos.”

He noted that only a few months since the tax reform package took effect, inflation as of April had already reached 4.5 percent, much higher than the government’s target of 2-4 percent.

Alejano said he feared that the continued implementation of TRAIN would lead to the erosion of ordinary Filipinos’ purchasing power.

He also urged government to initiate more social programs for the poor, as prices of fuel and basic goods continued to rise.

“It is equally important for the government to recommend programs or policies that would further mitigate or cushion the negative impact of the TRAIN law against the poor,” Alejano said.