All bets are off! Cayetano resigning before end of term sharing deal with Velasco?
Will Taguig Rep. Alan Peter Cayetano gracefully turn over the speakership to Marinduque Rep. Lord Allan Velasco in October 2020?
For months, there has been speculation that Cayetano will not hold up his end of the bargain in the “15-21” term sharing agreement brokered by President Rodrigo Duterte.
Cayetano, according to the rumor mill, might not step down once his 15-month term is over and rally lawmakers to keep him as Speaker.
But what if Cayetano indeed steps down as Speaker? There’s a rumor that he might vacate his leadership post before October to nullify the term sharing deal with Velasco.
A source told Politiko that Cayetano’s resignation will force House members to elect a new Speaker, a move that will allow any lawmaker to vie for the position.
Cayetano is reportedly confident that he will be elected as Speaker under that scenario since he showered practically all lawmakers with at least P500 million each under the P4.1-trillion national budget for 2020.
As a bonus, Cayetano also gave an additional P50 million to each House member as part of “tradition” within the chamber.
While Velasco initially appeared to have gotten the better end of the term sharing deal as presumptive Speaker for 21 months, Cayetano could end up with the upper hand if he plays his cards right.