The House of Representatives must heed the call of President Gloria Macapagal Arroyo to pass long-pending revenue measures, as well as fund new laws like the Comprehensive Agrarian Reform Program and the Salary Standardization Law.
Some revenue bills are as follows:
The proposal to impose a five-centavo tax on telecommunication companies through metering;
The proposed rationalization of excise taxes on cigarettes and alcohol products;
The Simplified Net Income Taxation System; and
The rationalization of fiscal incentives. (PIA)