By Dominique Gabriel G. Bañaga
Many senators will oppose the proposed second package of the Tax Reform for Acceleration and Inclusion (TRAIN) law, according to Sen. Paolo Benigno “Bam” Aquino IV.
Aquino, who was in Bacolod City yesterday to meet vendors at the central market, said the TRAIN 2 proposal will have a hard time moving into legislation, citing the problems with the first package.
Vendors in Bacolod said TRAIN law has greatly affected the prices of basic goods and services.
“Many of us said that we are against and not in favor of TRAIN 2 and that if it will be filed we will either block it or amend it,” the senator stressed.
He added that tuition fees in private schools would also increase should the current TRAIN 2 proposal will be passed.
Stakeholders from several industries have also expressed fear over TRAIN 2’s effects, adding that they might opt to transfer their investments to other countries.
This could mean work displacement for the Filipinos, Aquino said./DGB, WDJ