Monday, October 29, 2012

ABS-CBN News Headline


Use Miriam's sin tax bill, experts urge senators



sin tax bill


Experts in medicine and the economy on Monday called on senators to reject the sin tax committee report of Sen. Ralph Recto, which critics have dismissed as a watered-down version of the proposed law.
Instead, they said senators should use the version of Sen. Miriam Defensor-Santiago in plenary debates on the measure.

"It hews much more to the actual realities and the actual principles that we want. If everybody is in favor of a sin tax bill, let's start with that sin tax bill," economics professor Solita Monsod said of Santiago's version, where the projected tax revenue from tobacco and alcohol products is around P60 billion.

"You'll get more revenues. More lives will be saved," she added.

Recto, who resigned as chair of the Senate ways and means committee amid criticisms against his version of the sin tax bill, himself doesn't want his colleagues to use his committee report, saying it's his intellectual property.


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