Recto: No need for a regime change, only a refocusing of government priorities
September 11, 2018
People should rally behind the President and let him finish a term he won fair and square. There is no need for a regime change, only a refocusing of government priorities. It must re-pivot to the gut issues of jobs, prices, income. Criticisms are par for the course. The mandate to serve comes with constant exposure to criticisms. The best way to handle them is to treat them as advice on how to
Although Senate President Pro Tempore Ralph Recto is expressing his support for the objectives of the tax measure to lower income tax, he said it may not be the right time to pass #TRABAHO.
“#TRAIN2 may be inflationary because it increases taxes on domestic industries such as housing, power, petroleum, among other things. It will also increase taxes and cost of exporters and BPOs, and therefore reduce incentives to invest in enterprises that earn foreign exchange which our economy badly needs at this time,” he said when asked for comment.
The reduction in corporate income taxes, Recto added, might not be enough to attract investment as he also noted current “global economic events.”
Recto said he expects the ways and means panel to hold several hearings on the bill, and consult various stakeholders on its possible impact.
US President Donald Trump and other global factors should not be blamed for the Philippines’ accelerating inflation, which is largely triggered by the Duterte administration’s policies, Senate President Pro Tempore Ralph Recto said yesterday.
Recto made the statement after President Duterte twice in two days blamed Trump’s tariff policies and the raising of interest rates in the US for the country’s inflation that took off in February and continues to rise.
SP SOTTO WELCOMES DELEGATES FROM CHINA: Senate President Vicente Tito Sotto (5th from right) welcomes delegates from the National People's Congress (NPC), People’s Republic of China headed by Ji Bingxuan, Vice Chairman of the NPC’s Standing Committee (6th from right), during a courtesy call at the Senate, Monday, September 10, 2018. Also in photo are Sen. Ralph Recto, Senate Minority Leader Franklin Drilon, Senator Koko Pimentel, and Senator Win Gatchalian. (Photo by Cesar Tomambo/10 September 2018) #SenatePH ... See MoreSee Less
Senate President Pro-Tempore Ralph G. Recto is a competent, dedicated and diplomatic public servant. His devotion to family and community, unrelenting desire to make a better life for others, consummate passion for his work, and interactive leadership style serve as the firm foundation upon which he built a reputation as a young and committed leader whether as a legislator or a national executive.