Monday, January 22, 2018

Alvarez on TRAIN bill: ‘Di naman pwede na ako lang ang masusunod’

He can’t always get what he wants.

House Speaker Pantaleon Alvarez conceded that he had no choice but to accept the compromise reached by the House and Senate contingents in the bicameral discussions on the Tax Reform for Acceleration and Inclusion (TRAIN).

In particular, he said he accepted the decision of the bicameral conference committee to still impose a tax on coal.

Alvarez previously said he would oppose the move to impose a 3,000-increase in coal tax by 2020 from P10 per metric ton to P300. In the final version, the rate was cut in half, to P150 by 2020.

“Para sa akin, nung una kasi, ayaw ko. Kaya lang, siyempre ‘di naman pwede na ako lang ang masusunod,” he said.

The Speaker said he had changed his mind, and now sees the logic of adjusting the tax rate, which had been unchanged for many years.

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