Sin tax bill gets Congress’ approval, awaits PNoy’s signature

The bill seeking to impose higher taxes on tobacco and alcohol products got full approval from Congress Tuesday night, making the measure just shy of President Benigno Aquino III's signature before full enactment.

In a voice vote on Tuesday night, the House of Representatives swiftly ratified the bicameral conference committee report on the sin tax bill.

At the Senate, the controversial measure survived a close vote for ratification, with 10 senators voting for its full approval and nine opposing it.

Senate President Juan Ponce Enrile, Senate President Pro Tempore Jinggoy Estrada, Senate Majority Floor Leader Vicente Sotto III, Senators Joker Arroyo, Ralph Recto, Francis Escudero, Gregorio Honasan, Ramon Bong Revilla, and Bongbong Marcos voted against the ratification.

Those who approved the measure were Senators Edgardo Angara, Pia Cayetano, Miriam Defensor-Santiago, Franklin Drilon, Panfilo Lacson, Lito Lapid, Sergio Osmena III, Francis Pangilinan, Aquilino "Koko" Pimentel III, and Antonio Trillanes IV. The ratification came after a joint committee of the Senate and House of Representatives reconciled the conflicting provisions in their versions of the bill. "After conducting three separate bicameral meetings, your bicameral conference committee has come up with a reconciled version, that in our opinion, best exemplifies the diverse interests involved in this measure while recognizing our common goal of looking after the welfare of our country," sin tax bill sponsor Sen. Franklin Drilon said during his speech on Tuesday. Among the points that were reconciled were the total revenue target and the burden sharing between the tobacco and alcohol industries. The compromise reached by the two chambers included the total excise tax collection of P33.96 billion for 2013, P42.82 billion for 2014, P50.63 billion for 2015, P56.86 billion for 2016, and P64.18 billion for 2017, or a total of P248.49 billion in five years. On the other hand, the burden sharing between tobacco and alcohol industries will be 69-31 in 2013 instead of 60-40 as earlier proposed by the Senate and 87-13 by the House of Representatives. — DVM, GMA News

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • Book chronicles efforts for PWD-friendly polls VERA Files - The Inbox
    Book chronicles efforts for PWD-friendly polls

    By Melissa Luz Lopez, VERA Files A lot have been done but much still need to be done for a hassle-free  participation of  Persons with Disabilities in elections,according to a book published by The Asia Foundation (TAF) and supported by … Continue reading → …

  • The other side of Palawan Ellen Tordesillas, Contributor - The Inbox
    The other side of Palawan

    By Ellen T. Tordesillas Mention Palawan and what comes to mind are Underground River and El Nido in the northern side of this richly-blessed province from its capital, Puerto Princesa. Three weeks ago, we went to the southern side- in … Continue reading → …

  • What can void a new car warranty? James Deakin - Wheel Power
    What can void a new car warranty?

    "I was denied warranty once for changing my horn!" One very annoyed reader wrote. "I was told that placing a backup camera will void my warranty" said another. The others are best left in my private inbox as Yahoo! have a swear jar in the office that I do not feel like donating this week's pay to. Continue reading → …

POLL
Loading...
Poll Choice Options