Reveal beneficiaries of proposed tax subsidies

A lawmaker warned proponents of a tax reform bill not to pass the measure without identifying the beneficiaries of the proposed subsidies.

Rep. Edcel Lagman of Albay referred to a provision in the Tax Reform for Acceleration and Inclusion (TRAIN) measure that states that a P48-billion subsidy – representing 40 percent of the expected P120 billion additional revenue – will fund the Social Benefits Program that will grant qualified beneficiaries a Social Benefit Card as well as finance fuel vouchers to be given to qualified transport franchise holders.