Friday, August 19, 2022
politiko-politics-ph-logo

Ralph Recto insists rice tariffication not government revenue measure

Nov 19, 2018 @ 21:10

Senate President Pro Tempore Ralph Recto on November 14 said the proposed rice tariffication bill “is not a revenue measure.”

This after the Batangas politiko revealed that “some quarters in the government” are suggesting of using rice tariffication to “shore up the government’s fiscal position.”

“By stipulating in the bill that 100 percent of duties will be plowed back to farmers, we are sending a strong message to those who might be tempted to use it to primarily raise taxes that their idea is dead in the water,” Recto said.

He also revealed that a government agency proposed to limit to P10 billion a year the plowback to farmers “even if duties collected from imported rice are double or triple that amount.”

“Unfair naman ‘yan. Kung halimbawa P25 billion ang collection, ibig sabihin mas malaki pa ang share ng pamahalaan kaysa sa mga magsasakang maapektuhan? Farmers get the pain and government gets the gain?” Recto said.

“Everything will be returned to the farmers. They will get all the dividends to compensate for their losses, which I think will never be enough,” he stressed.

Politiko would love to hear your views on this...
Disclaimer:
The comments posted on this site do not necessarily represent or reflect the views of management and owner of POLITICS.com.ph. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

Trending News

Want Politiko alerts on your inbox? Subscribe here.