Jolo Revilla hails Marcos' 'clear policy direction' on tax relief efforts
Philippine Representative Jolo Revilla is pushing for House Bill No. 7952 to raise the income tax exemption threshold to P400,000. The proposal aligns with President Marcos' directive to provide tax relief to workers struggling with inflation.
Why it matters
Legislative efforts to adjust tax brackets are critical for maintaining consumer purchasing power during periods of high inflation.
Manila Bulletin - Jolo Revilla hails Marcos' 'clear policy direction' on tax relief efforts
Jolo Revilla hails Marcos' 'clear policy direction' on tax relief efforts
President Marcos sets a clear policy direction for Congress to deliver tax relief, urging swift action on measures to ease the burden of inflation and rising living costs on Filipino workers.
Rep. Jolo Revilla pushes House Bill No. 7952 to raise the income tax exemption threshold, aligning with the President's proposed P350,000 level to build consensus and accelerate passage before year-end.
Revilla emphasizes that while revenue losses are expected, stronger household spending and economic activity will offset them, boosting consumption, VAT collections, and job creation.
President Ferdinand "Bongbong" Marcos Jr. (left), Cavite 1st district Rep. Jolo Revilla (Facebook)
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