Philippine House Approves Bill Allowing Marcos to Suspend Fuel Excise Tax
The House of Representatives has approved on third and final reading a bill granting President Ferdinand Marcos Jr. the power to suspend or reduce fuel excise tax during emergencies, aiming to soften the impact of rising oil prices.
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House OKs bill allowing Marcos to suspend or reduce fuel excise tax
A suspension or reduction of the fuel excise tax could soften the impact of the big oil price hike, but opposition lawmakers say it falls short of guaranteeing real relief
By Dwight de Leon
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MANILA, Philippines — A bill that will give President Ferdinand Marcos Jr. the power to suspend the collection of excise tax on fuel during emergencies has been approved by the House of Representatives on third and final reading. During the plenary session on Monday, 247 lawmakers voted in favor of House Bill (HB) No. 8418, which
By mareyes
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