Palace must study impact of fuel tax on price of rice, fish
August 23, 2016
In selling its tax proposals, the Duterte administration should attach exemptions and safety nets on each, so that a skeptical public would at least give it a fair hearing of its explanations. One of these, Senate Minority Leader Ralph Recto pointed out, are the farming and fishing sectors who “must be spared the full brunt” of the proposed P10 tax per liter of gasoline “as such increase
In the case of palay, for every P1 gross, about 64 centavos is spent for production. Yung average P80,000 gross per hectare, about P49,000 is the cost of production. Kung tataasan mo pa ang presyo ng gasolina ng traktora at thresher at water pump, ninipis ang kita ng magsasaka. That’s just for production. Hindi pa kasama ang transportation, which is made costlier by the heavy traffic on our roads. ... 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.