I support the objectives of TRAIN 2 to lower income taxes by rationalizing incentives, although I question the timing.

TRAIN 2 may be inflationary because it increases taxes on domestic industries such as housing, power, petroleum, among other things. It will also increase taxes and the cost of exporters and BPO, and therefore reduce incentives to invest in enterprises that earn foreign exchange, which our economy badly needs at this time.

The reduction in corporate income taxes may not be enough to attract investment at this time considering the global economic events.