BBM pa rin ba? Mukhang mas may utak itong si Isko.
You do not have permission to view the full content of this post. Log in or register now. / 10:28 PM February 24, 2022
MANILA, Philippines – Since January this year, fuel prices have been increasing and the unavoidable consequences are higher transportation and food prices, troubling consumer concerns as the country’s economy is poised to recover from the pandemic.
This is what the presidential candidate and Manila Mayor Isko Moreno Domagoso foreshadowed when he proposed a solution should the price of oil in the global market soar.
It was seen and heard by the farmers during his “Listening Tour” in Tarlac City last September 25, 2021. He noted that since the Philippines is not an oil-producing country, the country is reliant on imports, could affect transportation costs, food and other necessities.
Moreno suggested that the government should renounce some of its oil excise tax and electricity excise tax revenues until the economy recovers.
He proposed a 50% tax cut on fuel and electricity and vowed to pursue the same should he win the presidency.
“Sa panahon ng kagipitan, ang gobyerno ang dapat magparaya, para naman maibsan ang hirap ng tao”, Moreno said.
The 47-year-old presidential candidate said the positive effects of the fuel tax cuts will be felt immediately.
This would lower the cost of food production, especially rice, increase the income of farmers and fishermen, lower the price of basic commodities.
This means there is more food on the table and more money can be spent on basic needs like medicine.
You do not have permission to view the full content of this post. Log in or register now.
Isko Moreno’s 50% fuel tax cut proposal amid rising oil prices
By: You do not have permission to view the full content of this post. Log in or register now. - Contributor / You do not have permission to view the full content of this post. Log in or register now.You do not have permission to view the full content of this post. Log in or register now. / 10:28 PM February 24, 2022
MANILA, Philippines – Since January this year, fuel prices have been increasing and the unavoidable consequences are higher transportation and food prices, troubling consumer concerns as the country’s economy is poised to recover from the pandemic.
This is what the presidential candidate and Manila Mayor Isko Moreno Domagoso foreshadowed when he proposed a solution should the price of oil in the global market soar.
It was seen and heard by the farmers during his “Listening Tour” in Tarlac City last September 25, 2021. He noted that since the Philippines is not an oil-producing country, the country is reliant on imports, could affect transportation costs, food and other necessities.
Moreno suggested that the government should renounce some of its oil excise tax and electricity excise tax revenues until the economy recovers.
He proposed a 50% tax cut on fuel and electricity and vowed to pursue the same should he win the presidency.
“Sa panahon ng kagipitan, ang gobyerno ang dapat magparaya, para naman maibsan ang hirap ng tao”, Moreno said.
The 47-year-old presidential candidate said the positive effects of the fuel tax cuts will be felt immediately.
This would lower the cost of food production, especially rice, increase the income of farmers and fishermen, lower the price of basic commodities.
This means there is more food on the table and more money can be spent on basic needs like medicine.
You do not have permission to view the full content of this post. Log in or register now.
Last edited:
