00:00The House Committee on Waste and Means has urged the Department of Finance, or DOF, to re-examine the Philippine
00:06Statistics Authority Family Income and Expenditure Survey,
00:09which was used as the basis for recommending the suspension of excise tax on kerosene and LPG.
00:16Committee Chairperson Representative Miro Quimbo highlighted the survey's limitations, stating it failed to include public transport commuters
00:23and inaccurately categorized 8 out of 10 transportation users as the richest.
00:28Quimbo emphasized the significant impact of diesel on the cost of manufacturing and logistics for essential goods.
00:36He also proposed a two-month suspension of the value-added tax, or VAT, as a preferable measure,
00:42citing a near 20 billion pesos windfall revenue the government received in the last 45 days due to rising gasoline
00:49prices.
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