• MORE TAX CUTS FOR BREADWINNERS SOUGHT

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    Senate President pro-tempore Ralph Recto has filed Senate Bill 257 which seeks to extend tax cuts to taxpayers who have parents or wards that depend on them for chief support. Dubbed as the “Family care act of 2013” the bill seeks to remove the limitation on the number of qualified dependents that a taxpayer may claim as tax exemptions and allowing the inclusion, under certain circumstances, of parents and wards. According to Recto, it is time for the government to recognize the sacrifices of taxpayers who chooses to take care of their parents. Recto also wants the same exemption for those taxpayers looking after a person with physical or mental disability.

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