Davao City: Just like President Benigno Aquino 3rd, Davao City Mayor Rodrigo Duterte is not in favor of lowering income tax rates.
Duterte, who officially joined the presidential race on Friday, said he is against proposals to lower income taxes because it would deprive government of the needed funds for vital infrastructure projects.
“No [I am not in favor]. I need money for my [government]programs…to create jobs, invest in infrastructure. You need money to run this country,” Duterte told reporters.
The Finance department estimates that the government will lose P29 billion in revenues if income tax rates are adjusted.
Duterte noted that economic growth has yet to be felt outside Metro Manila because development is limited to the capital.
“To boost our economy, we have to move the goods at a low cost at the shortest possible time. For one, we have to decongest Metro Manila. As it is, I cannot solve the problem of Metro Manila because it is overloaded with people, vehicles and factories,” the mayor said.
Duterte however said he is in favor of continuing the Conditional Cash Transfer (CCT) program if he is elected president.
The CCT or Pantawid Pamilyang Pilipino program provides cash grants by as much as P4,000 monthly to poor families provided that children attend school, get regular health check-ups and vaccinations; undergo deworming sessions every six months; and their parents attend responsible parenthood sessions.
Under the proposed 2016 budget, the CCT has a P62 billion allocation covering 4.6 million poorest of the poor households. The program is being implemented by the Department of Social Welfare and Development.
“These people depend on that (CCT). Tanggalin mo, wala na ngang trabaho (You remove that, they don’t even have jobs),” Duterte said.