Migz supports Mar's solution on oil crisis

Wednesday, January 9, 2008 | posted in , , , , , | 0 comments

Going against the administration’s stand, Lakas Senator Miguel Zubiri on Wednesday backed Liberal Party Senator Manuel “Mar” Roxas II's proposal to scrap the value-added tax on petroleum products and electricity.

Before Senator Mar Roxas made the call, I had already filed a bill. Meron akong bill na-file sa Senado [I filed a bill in the Senate] removing the 12-percent VAT on fuel and electricity rates,” he said in a statement.
In fact, his bill proposes a permanent removal of the VAT on petroleum products and electricity. Roxas's proposes a six-month suspension of the tax’s collection.

The neophyte senator said that despite new roads, prices of agricultural products remain high because of high oil prices.

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