Home | Money Matters | Council to hold public forum on Train Law in Cag. de Oro

Council to hold public forum on Train Law in Cag. de Oro

By LITO RULONA
Correspondent .

The City Council’s Committee on Trade, Commerce and Industry is calling all sectors on the community to attend the supposed scheduled forum to get sentiments on the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law locally.

Thus said City Councilor and Committee chairman George Goking following various complaints that basic commodities in the local markets had been affected like increasing its price in every commodity.

“We are awaiting the complaints coming from various sector specially those coming from caused-oriented groups that their sentiments must be addressed. Kita man tanan apektado niini,” he said.

He said after several complaints would be received to his office then immediately the secretariat from the city council would set an schedule for the public consultations and sentiments gatherings.

Initially, they received explanations that President Rodrigo Duterte last year signed into law the first package of the much-awaited tax reform program—the central piece of the government’s plan to raise the bulk of needed funds for the Duterte administration’s ambitious infrastructure drive.

Commonly known as the TRAIN law, the tax program overhauls the country’s 20-year-old tax regime in a bid to make the tax system fairer and simpler. Under the TRAIN, personal income tax rates will be adjusted to shift the burden off lower-income segments toward the “ultra-rich.”

“Mag-recommend kita for further review kay nag-suffer ang katawhan kay nagsaka ang presyo and then ang suweldo mao lang gihapon. I would strongly endorsed to the President to further review the

implementation kay basin wala nakaabot kaniya ang complaints sa kina-ubsan,” Goking explained.

He said monitoring system should be made because Train Law is getting negative effects and he would personally bring the sentiments towards the national and executive meeting before the Philippine Councilor’s League meeting in Iloilo City.

“Bisan asa kita nag-paingon daghan nagbagulbol. Bisan misaka imong suweldo karon layo ra kaayo sa pag-taas sa presyo karon sa palaliton. It shows bad effect to the marginalized sector,” he further explained.

Goking said even the Associated Labor Unions-Trade Union Congress of the Philippines (ALU-TUCP) issued statements last week that they worried over the adverse effect of the Train Law to members of the informal economy.

He said ALU-TUCP raised concerns over vendors, fisherfolks, farmers, public utility vehicle and pedicab (cycle rickshaw) drivers, among others, would face harder circumstances now that the law is in effect.

“Lisod kaayo ang epekto tungod kay didto man mibanda sa basic commodities nga halos kitang tanan naga-gamit niini,” he added.

 

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