Category: Videos

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Sponsorship Speech for SB 3502 (Reducing the Tax Insurance Premium Under Certain Conditions)

Mr. President,

Your Committee on Ways and Means has the honor to report back for the consideration and approval of this august body, Senate Bill No. 3502 under Committee Report 724 entitled “An Act Reducing the Tax Insurance Premium Under Certain Conditions, Amending for this Purpose Section 123 of the National Internal Revenue Code as Amended.” The Committee Bill, which is a product of two public hearings on Aug. 11, 2009 and Sept. 1, 2009 respectively is in substitution of the following measures:  Continue reading “Sponsorship Speech for SB 3502 (Reducing the Tax Insurance Premium Under Certain Conditions)”

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Ang Dalawang Mukha ng Sining

In Greek drama, masks were useful devices that allow the actor to play several different characters.

In the Philippine political drama, nothing much differs.

Mr. President, distinguished colleagues. Today, I rise on a matter of personal and collective privilege.

Continue reading “Ang Dalawang Mukha ng Sining”

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Sponsorship Speech for SB 3396 (Act Amending RA 9280/Customs Brokers Act of 2004)

It is my honor and privilege to sponsor before this august Chamber Senate Bill No. 3396=, under Committee Report No. 552, entitled “An Act Amending Republic Act No. 9280, otherwise known as the Customs Brokers Act of 2004, and for other purposes.

International trade and commerce are vital to economic development in an increasingly globalized environment. In the current, fast-paced business arena, restrictive statutory controls can be disadvantageous and will result in significantly costly lags. Our government should therefore respond by enacting appropriate laws that will enhance commerce, instead of creating roadblocks and bottlenecks to progress, i.e., the flow of goods should be facilitated, rather than hampered, as much as possible.  Continue reading “Sponsorship Speech for SB 3396 (Act Amending RA 9280/Customs Brokers Act of 2004)”

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Sponsorship Speech for SB 3392 (Exempting Local Water Districts from Income Tax)

Mr. President:

Paragraph (1), Section 28, Article VI of the 1987 Constitution provides that: “The rule of taxation shall be uniform and equitable.  The Congress shall evolve a progressive system of taxation.”

Let me start with a quote from a top-notch lawyer and an acknowledged tax expert, Senate President Juan Ponce Enrile, in opening the Third Regular Session of Congress last July 27, 2009. He said, and I quote:  “I urge my colleagues in this Senate and the leaders of the country to reassess our fiscal policies and economic objectives, and devise more creative ways and means to stimulate and hasten the momentum of business and industry in the country, instead of simply looking at taxing the people more.  Otherwise, the result might be worse than just economic stagnation.  Continue reading “Sponsorship Speech for SB 3392 (Exempting Local Water Districts from Income Tax)”

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Face the Issue (Part 2)

This will be a short privilege speech. At the outset I would like to thank the minority leader for yielding the floor to this representation and likewise to the lady senator from Antique.

Continue reading “Face the Issue (Part 2)”