Tax-exempt bonuses & OT pay pushed for Labor Day

28 April 2013, Comment are Off
Sen. Ralph G. Recto yesterday reiterated his proposal to tax -exempt Christmas and 13th month bonuses and overtime pay of private and government workers that would effectively bring down income taxes and make it as part of government’s Labor Day surprise for May 1. “I really...

PH humanitarian mission to help China quake victims sought

23 April 2013, Comment are Off
Sen. Ralph G. Recto today said government should quickly send a humanitarian mission to help victims of the devastating earthquake that rocked a Southwestern Chinese province last weekend. “As a neighbor with deep historical and economic ties, the country should send its own...

Statement of Sen. Ralph G. Recto on Immediate Convening of Bicameral Panels on ‘Family Care Act’ & ‘AFVI’

30 January 2013, Comment are Off
The Senate now anticipates the naming of their counterparts from the House of Representatives to the bicameral conference committee that would reconcile conflicting provisions of the “Family Care Act” and the Alternative Fuel Vehicles Incentives Act (AFVI). The twin measures have...

Crucial push for 2 bills adding relief to income earners & ushering era of clean & green vehicles

24 January 2013, Comment are Off
Relief for taxpayers and relief from dirty air. This was the gist of the twin legislative initiatives launched this week by Sen. Ralph G. Recto, hoping that the two proposed measures would get enough numbers to pass before election break sets in. Recto’s Senate Bill (SB) 2856 or...

Explanation of Vote on the RH Bill

17 December 2012, Comment are Off
No bill is chiseled in stone. Hindi ito lapida na nakaukit sa bato. Because no bill is perfect, it is polished through debate and discourse, without which the faults and the flaws will never be straightened out. So it was in this spirit that I engaged the sponsor in an exchange...

Christmas bonuses, allowances below P60,000 should be tax-free

25 November 2012, Comment are Off
Support of Regional Dev’t Councils snowballs Sen. Ralph G. Recto today reiterated his proposal to raise the tax exemption ceiling on Christmas bonuses and 13th month pay to P60,000 from the current threshold of P30,000 to give more spending power to employees celebrating the...

Recto bats for P23B earmarks for PhilHealth

20 November 2012, Comment are Off
Specific allocations from sin tax revenues pressed Sen. Ralph. G. Recto today said a part of the total revenues and not mere “increments” from the sin tax reform package should go directly to intended beneficiaries and programs and should not be a “blank check” for disposal of...

Toll rates bearable if VAT was not imposed

14 November 2012, Comment are Off
If only you had listened. This was the reaction of Sen. Ralph G. Recto to the reported plan of government to subsidize the operations of privately-run toll roads, including toll fees, to ensure the profitability of the investing firms and soften the impact on motorists. Recto on...