House panel ‘ready’ to act on income tax reforms – Quimbo — MANILA, Philippines — The House ways and means committee “stands ready to act” on President Ferdinand Marcos Jr.’s call to pass tax measures, its chairman, Marikina Rep. Miro Quimbo, said on Tuesday. Quimbo emphasized the administration’s efforts to modernize the tax system.
Northern Samar Second District Rep. Edwin Ongchuan has also backed Marcos’ proposal to amend the Electric Power Industry Reform Act (EPIRA), specifically targeting the removal of system loss charges from consumers’ electricity bills. Ongchuan argued the reform would ease the financial burden on households facing high energy costs.
The tax reforms and energy policy changes reflect broader economic adjustments under Marcos’ administration. Both legislative moves aim to address fiscal challenges and improve public services.
These developments highlight growing political alignment around economic restructuring. The House panel’s readiness to act signals potential legislative momentum for the proposed tax measures.
