Marilyn Cahatol

Article (news)

Vivienne Gulla

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:960px;display:block" width="960"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/17851544939381785154489812.jpeg" style="width:960px" class="fr-fic fr-dib" width="960"/><span class="fr-inner" style="text-align:left">Nanumpa na si Isabela 6th District Rep. Faustino Dy III bilang bagong lider ng Kamara nitong Miyerkules, Setyembre 17, 2025, matapos magbitiw ni Rep. Martin Romualdez.  <em>Maria Tan, ABS-CBN News </em></span></span></span></div><p>MANILA — The House of Representatives “fully supports” President Ferdinand Marcos Jr.’s <a href="https://www.abs-cbn.com/news/business/2026/7/27/marcos-seeks-tax-relief-for-individuals-small-businesses-1654">call for tax relief measures </a>to help address the rising cost of commodities, according to House Speaker Faustino “Bojie” Dy III.</p><p>Dy added that the lower chamber is ready to translate the priorities that the president laid out in his 5th State of the Nation Address.</p><p>These include the call to expand the income tax exemption to cover workers earning up to P350,000 annually, reduce income taxes for other workers, exempt small businesses from the minimum corporate income tax, and grant tax amnesty for unpaid income tax, estate tax, donor’s tax, value-added tax (VAT) as well as on their corresponding penalties.</p><p>“The House fully supports the President’s call to provide meaningful tax relief to our people. We will carefully study these proposals and work to pass measures that will allow Filipino workers to keep more of what they earn, help small businesses grow, and give qualified taxpayers a fresh start through a fair and responsible tax amnesty,” Dy said in a statement.</p><p>The House speaker said the lower chamber will also prioritize the proposed amendments to the Electric Power Industry Reform Act to help bring down the cost of electricity.</p><p>Among the changes that the president mentioned are keeping costs like system loss from being passed on to customers.</p><p>He said Marcos Jr. “has made it clear that bringing down electricity costs is a national priority, and the House stands ready to do its part.&quot;</p><div><a href="https://www.abs-cbn.com/news/business/2026/7/27/marcos-wants-systems-loss-charges-removed-from-electricity-bill-rooftop-solar-made-easier-1727">Marcos wants systems loss charges removed from electricity bill; rooftop solar made easier</a></div><div><br/></div><div><strong>BAND-AID SOLUTIONS?</strong></div><p>Gabriela Women&#x27;s Party Rep. Sarah Elago said the measures the president proposed are “band-aid solutions”, slamming the administration’s failure to commit to removing the 12-percent VAT on essential goods and services, and to ensuring “living wages” — pay that would cover more than just daily needs.</p><div><a href="https://www.abs-cbn.com/news/business/2026/7/27/gov-t-should-consider-lowering-vat-to-10-pct-amid-inflation-economist-1600">Gov’t should consider lowering VAT to 10 pct amid inflation — economist</a></div><p>&quot;Tahimik ang administrasyon sa mga polisiyang tunay na nagpapataas ng presyo ng bilihin at serbisyo,&quot; she said in a statement.</p><p>(The administration is silent on the policies that drive up the prices of goods and services.)</p><p>Elago noted Marcos Jr. did not mention any plans to end policies that she said put corporate profit over the people&#x27;s welfare.</p><p>&quot;Hangga&#x27;t nananatili ang mga patakarang nagpapataas ng presyo at nagpapahirap sa mamamayan, band-aid solution lang ang mga ito.&quot;</p><p>(While policies that keep prices high and make the people suffer are in place,these are all just band-aid solutions.)</p><div><br/></div><div><strong>RELATED VIDEO:</strong></div><div style="text-align:center"><iframe width="560" height="315" src="https://www.youtube.com/embed/4pa2THcEy2Q?si=Qoo-7rY6HczNGDCO" title="YouTube video player" frameBorder="0" allowfullscreen=""></iframe><br/></div>

<p>The House of Representatives “fully supports” President Ferdinand Marcos Jr.’s call for tax relief measures amid the rising cost of commodities, according to House Speaker Faustino “Bojie” Dy III.</p>

The House of Representatives “fully supports” President Ferdinand Marcos Jr.’s call for tax relief measures amid the rising cost of commodities, according to House Speaker Faustino “Bojie” Dy III.

House 'fully supports' Marcos' call for tax relief measures — Speaker Dy

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House 'fully supports' Marcos' call for tax relief measures — Speaker Dy

Vivienne Gulla,

ABS-CBN News

Published July 27, 2026 08:28 PM PHT

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