Do we need this? Title of tax

Despite the reported signals to House leaders by the Executive branch opposing tax reforms, the Senate is still pushing the bill seeking to adjust the taxable amount to the current inflation rate.

      

While the tax reforms would cost the public coffers P30 billion annually,  the government still has money it cannot even spend because of the absorptive capacity issues of departments.
      

The tax reforms are seen to benefit working class taxpayers. The government will also benefit because the workers will definitely spend the money.

      

The government seems to be having underspending problems, with hundreds of billions in pesos of unused balance last year.
      

Taxpayer spending will boost GDP, which at 5% is below government target (7-8%), and will also boost government revenue because of the VAT on spending.

      

Good economic policies must look at both the larger/macro picture as well as the micro situation, i.e., how people and families are really faring.
      

Because the government  has not indexed tax brackets/tax rates since 1997, a new public school teacher's take-home pay (in real peso terms, meaning adjusted for inflation) is even less today than in 1997 as a result of being in a higher tax bracket due to inflation, despite an increase in their salary through the salary standardization law. –End-

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