The Senate could pass a bill raising taxes on tobacco and alcohol by next week

The Senate could pass a bill raising excise taxes on tobacco and alcohol by Monday after President Benigno Aquino III certified approval of the bill as urgent.

The Senate could pass a bill raising excise taxes on tobacco and alcohol by Monday after President Benigno Aquino III certified approval of the bill as urgent.

 

According to a statement from Drilon’s office, the President has certified the bill as urging, meaning it can be passed on second and third reading on the same day. Regular bills have to pass through three readings on separate days.

 

The President, in his letter to certify the bill as urgent, said he did it "to address the urgent need to restructure the excise taxes on alcohol and tobacco products in order to enhance revenue generating potential of the tax system, and utilize the incremental revenues therefrom to augment the funding for the universal healthcare program of the government."

 

"We are in the final stretch. We are only one step farther before the passage of this bill; but, certainly, without the support of the President, we would not have gone this far," Drilon, acting chairman of the Senate Ways and Means Committee, said.

 

 

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