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#TRAINWITHOUTPAIN

My strong position is against more excise tax on petroleum products and sugar sweetened beverages which might create a food inflation and definitely HURT the poor and marginalized of our country. While I support the administration's Tax Reform Acceleration and Inclusion (TRAIN) program for revenue generation and lower income taxes, it should not be to the detriment of the more than 18 million minimum wage earners and members of the underground economy who will not benefit from reduced income taxes.#GinhawaNgBayan#SenJVServes#17thCongress#SenatePH

Posted by JV Ejercito on Thursday, November 30, 2017

My strong position is against more excise tax on petroleum products and sugar sweetened beverages which might create a food inflation and definitely HURT the poor and marginalized of our country. While I support the administration’s Tax Reform Acceleration and Inclusion (TRAIN) program for revenue generation and lower income taxes, it should not be to the detriment of the more than 18 million minimum wage earners and members of the underground economy who will not benefit from reduced income taxes.

Senator JV Ejercito, as Chairperson of the Senate Committee on Economic Affairs, is delivering his sponsorship speech on Senate Bill No. 2779, under Committee Report No. 335, entitled “An Act Declaring the Second Week of November of Every Year as Economic and Financial Literacy Week.”

Ejercito, in the bill, is pushing for the enlightenment and education of the Filipinos about the country’s economic and financial positions to encourage them, as citizens, to take part in making sound financial decisions as their contribution to the improving state of our economy.

The proposed legislation envisions consciousness-raising and knowledge-expanding activities that could be integrated into the school curriculum for the benefit of the students and the youth.

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SENATOR JV Ejercito, as Chairperson of the Senate Committee on Economic Affairs, is delivering his sponsorship speech on Senate Bill No. 3203, under Committee Report No. 321, entitled “An Act Amending Foreign Ownership Restrictions in Specific Laws Governing Adjustment Companies, Lending Companies, Financing Companies and Investment Houses Cited in the Foreign Investment Negative List, Except Those in the Constitution and for Other Purposes.”

The measure proposes to open fully to foreign investors the ownership of Financing Companies, Investment Houses, Lending Companies and Adjustment Companies, which will delist them from the Eleventh Regular Foreign Negative List.

The floodgates of job and career opportunities for the Filipino people would open once the Foreign Investment Negative List is slightly freed up from too much restriction.