The Standard - 2015 September 16 - Wednesday

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VOL. XXIX NO. 216 3 Sections 32 Pages P18 wedNeSday : SePTeMBeR 16, 2015 www.thestandard.com.ph editorial@thestandard.com.ph

Kiko quits as Noy’s adviser on food

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tax cut Pressed Congressmen push reduction over PNoy’s protests

By Maricel V. Cruz and Macon R. Araneta

LAWMAKERS pressed for a reduction in personal and corporate income taxes Tuesday, despite President Benigno Aquino III’s rejection of bills calling for such changes. Marikina Rep. Miro Quimbo, an administration ally and chairman of the House committee on ways and means, said it was unacceptable that the income tax rates go unchanged. “Despite the President’s position, we will not stop studying this measure because we feel this will work to the advantage and interest of our workers,” said Quimbo, who proposed the lowering of the rates. “We really need to sit down [with officials from the Executive department] and see what are the points of agreement and what are the points of disagreement,” he added. The leader of the independent minority bloc in the House, Leyte Rep. Ferdinand Martin Romualdez said Congress needs to pass the bill over the President’s objections. “Let’s not stop finding ways to help the workers and show some compassion for them,” Romualdez said, using the Filipino term malasakit. The Palace earlier rejected the bill to lower tax rates after Finance Secretary Cesar Purisima and Internal Revenue Commissioner Kim Henares estimated that such a move would mean P30 billion in lost government revenues in the first year of its implementation. The President said he was unconvinced that lowering income taxes would benefit the majority of Filipinos. The country’s largest labor group, the Trade Union Congress of the Philippines, blasted Next page

Her turn. Senator Grace Poe seems to be pointing at herself in pleasant surprise in this file photo, ahead of her announcement of her political plans for next year’s elections at UP Diliman today. EY ACASIO

Grace to announce bid for the presidency today By Macon Ramos-Araneta SENATOR Grace Poe is expected to announce today that she will run for president, after a media advisory issued by her office Tuesday said she would make “an important announcement in connection with her plans for the 2016 na-

tional elections.” Hours later, the office of Senator Francis Escudero, Poe’s choice for vice president, said he would make an announcement on Thursday, Sept. 17. Poe will make her announcement Sept. 16 at the UP Bahay ng Alumni in Diliman, Quezon City at 4 p.m.

Escudero will make his own announcement at 10 a.m. on Sept. 17 at the Kalayaan Hall of Club Filipino in Greenhills, San Juan. Both camps refused to give any other details about the announcements. While Poe and Escudero have remained mum about their re-

spective plans for 2016, their colleagues in Congress believe they will run for president and vice president. Even Senate President Franklin Drilon, also vice chairman of the Liberal Party, said he believed Poe would seek the country’s highest elective position. Next page

Mar: Poe has left ‘daang matuwid’

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