HOPE for passage of a measure that will lower income taxes faded on Tuesday as the Palace again turned down the proposal, this time presented by Senate President Franklin Drilon and Speaker Feliciano Belmonte Jr.

The two Congress leaders met with President Benigno Aquino 3rd as well as Finance Secretary Cesar Purisima and Bureau of Internal Revenue chief Kim Henares, among others, to convince them on the need to approve a tax cut bill.

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