By: Xave Gregorio
Presidential Communications Secretary Martin Andanar said the Tax Reform for Acceleration and Inclusion (TRAIN) is the reason behind President Rodrigo Duterte’s massive 10-point increase in his satisfaction ratings for the last quarter of 2017.
“Ito po ay malaking tulong sa ating mga kababayan sapagkat nubenta’y nuebe porsyneto na mga kababayan natin ay bababa ‘yung kanilang income tax or tuluyang mawawala,” Andanar said in a radio interview on Saturday (December 23).
Duterte’s satisfaction ratings in the latest Social Weather Systems survey increased by 10 points to 58 percent, bouncing back from a slump in the third quarter of 2017.
Duterte signed last Tuesday (December 29) the TRAIN which will cut income tax rates and exempt those earning less than P250,000 a year from paying personal income tax.
However, the law will also increase taxes on certain goods and services, like petroleum, automobile and cosmetic procedures, to augment the losses from the income tax slash.