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AUG
28
2016

Cut expenses, red tape first before imposing new taxes

Save and simplify – these the government must first do before it imposes new tax measures that will bring in two-thirds of a trillion pesos in fresh revenues annually. Senate Minority Leader Ralph Recto urged the administration to scout for frivolous and unnecessary expenses
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AUG
27
2016

Truce with Reds should allow Digong to concentrate on Abu Sayyaf

Government should seize its ceasefire with communist guerillas as an opportunity to shift men and material to its fight to bring the resurgent ISIS-affiliated Abu Sayyaf Group (ASG) to its knees, Senate Minority Leader Ralph Recto said. “If the truce with the New People’s Army
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AUG
27
2016

Using P40 B gaming income is good Rx to boost anemic gov’t budget for meds 

Earmarking all state gambling income for the purchase of medicines “is the shot in the arm” that will boost anemic government purchases of essential drugs, Senate Minority Leader Ralph Recto said. Recto said about P40 billion in Philippine Charity Sweepstakes Office (PCSO) and
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AUG
23
2016

Palace must study impact of fuel tax on price of rice, fish

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
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AUG
20
2016

Before pitching new taxes, Palace must first issue rules on new PWD, balikbayan box laws

Before it rolls out its tax proposals, Malacañang should first issue the Implementing Rules and Regulations (IRR) of the law granting tax breaks and other benefits for persons with disabilities (PWDs) and those of another law raising the tax-exempt value of balikbayan boxes. The
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AUG
20
2016

Why just one week? Recto bats for truce longer than cellphone load expiry

Senate Minority Leader Ralph Recto has urged government to match the Communist Party of the Philippines’ (CPP) declaration of a seven-day ceasefire with its own declaration of a “longer ceasefire” because “peace, even if temporary, should have a validity period longer than a
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AUG
15
2016

SBN-1024: Financing the “Education for All Initiatives” from the Annual VAT Collections

Financing The “Education For All Initiatives” From The Annual Value Added Tax Collections, Amending For The Purpose The National Internal Revenue Code Of 1997, As Amended   Download PDF
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AUG
15
2016

SBN-1019: Exempting MSEs from the Payment of Percentage Tax

Enhancing The Ease Of Doing Business By Exempting Micro And Small Enterprises From The Payment Of Percentage Tax, Amending For The Purpose The National Internal Revenue Code Of 1997, As Amended   Download PDF
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AUG
14
2016

Recto to Palace: Itemize special powers projects in 2017 nat’l budget

Senate Minority Leader Ralph Recto urged Malacañang to itemize in the proposed 2017 national budget the projects and programs that it plans to implement pursuant to the grant by Congress of emergency powers to President Duterte to solve the transportation crisis. “Listing them in
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AUG
13
2016

Emergency powers must cover flooding in NCR streets

In a megapolis that gets 144 days of rain in a year which turn 3,845 hectares flood-prone, any traffic plan authorized by emergency powers must include projects that will prevent monstrous gridlocks during rainy days. This was suggested by Senate Minority Leader Ralph Recto who
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