Casilao tells DTI: Don’t peddle fake news on TRAIN’s effect on prices
“Don’t fool the public.”
That is the message of Anakpawis partylist Rep. Ariel Casilao to the Department of Trade and Industry, after the latter claimed that the Tax Reform for Acceleration and Inclusion (TRAIN) law would have only a “minimal effect” on the prices of basic goods.
“The DTI is clearly peddling fake news on the real effects of the to the public,” the Makabayan lawmaker said in a statement.
“The minimal 4-percent increase on price of basic goods due to the new tax law claiming that manufactures only spent less than 10 percent of its production cost to transport their goods. This is out of touch to reality,” he said.
“Manufacturers already refute this as they claimed there were various processes before the goods landed to grocery stores,” Casilao added.
He was reacting to DTI’s claim that the increased excise taxes on petroleum would not heavily affect production costs of manufacturers.
He urged the public not to be fooled by the DTI statement.
“Automatic yan, pag nagtaas ng presyo ang mga produktong petrolyo, magtataas na din ang presyo ng mga batayang bilihin at serbisyo. Kung kaya nakapagtataka ang pagtingin ng DTI o sadyang minamiliit nila ang malaking negatibong epekto ng pagtaas ng buwis para unti-unting tanggapin ng publiko,” Casilao said.
Example of its immediate effects are the filing of two petitions from an NCR and Central Luzon-based transport group asking for P12 and P14 minimum fare hike respectively, he said.
“The price hikes are real and it is coming hard mostly to minimum wage earners whose daily take home salary at present can hardly provide the basic needs of his/her family,” he said.
“That is why spreading disinformation on the actual impact of the new tax law is basically an attempt of the DTI to sweep under the rug its negative impact especially to poor sectors,” Casilao said.