Sen. Bam: Admin, opposition should plot together to suspend excise tax on gasoline

Sen. Bam Aquino emphasized that the government and the opposition should plot together to suspend the excise tax on gasoline and address the high prices of food and other products.

"Instead of pointing fingers, let's work together to suspend the additional tax on fuel scheduled for January 2019," said Sen. Bam in reaction to Malacanang's repeated claims that members of the LP are plotting to oust President Duterte.

Instead of focusing on silencing the opposition, Sen. Bam insisted that the government should immediately address the problems at hand, such as high prices of food and rice and lack of job opportunities.

"Hindi makakatulong sa mga Pilipino ang away at gulo. Magtulungan na lang tayo para arestuhin ang taas-presyo. Simulan natin sa pagsuspindi ng dagdag buwis sa petrolyo," said Sen. Bam.

Earlier, Sen. Bam called on the government to suspend the additional P2 excise tax on petroleum products in January 2019 if prices of oil in the global market remain at $80 per barrel in the next three months, as directed by a safeguard in the TRAIN Law.

Sen. Bam is also pushing for the passage of Senate Bill No. 1798 or the Bawas Presyo Bill, which will suspend the collection of excise tax on fuel once inflation rate breaches the annual inflation target over a three-month period.

Sen. Bam has passed a total of 27 laws, 10 as a member of the opposition. He helped the administration pass the landmark law making college education free in public universities and colleges. He is the principal sponsor of R.A. 10931 or the Universal Access to Quality Tertiary Education Act.