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Nancy Binay on her way to filing bills for Decreased Tax and Increased Pension


welcome By: Elena Grace Flores
As reported by Interaksyon: Senator Nancy Binay will be filing two of her five priority bills – exempting those earning P30,000 a month from paying income taxes, and increasing the monthly pension of Social Security System members on Monday. Binay’s media officer Rex Hirang explained that July 4 would be the earliest Binay could file the measures since the Senate has no work on Fridays. “It is high time to address the situation of workers and many middle income earners who have an average monthly income of P30,000,” Binay said.

Should the measure become law, she said, many workers and employees can loosen their belts in their daily needs, estimating that up to six million public and private sector employees stand to benefit. Binay added that her measure would also amend income tax brackets to keep up with rising prices. On the other hand, the bill hiking SSS pensions seeks to increase to P3,200 the monthly pension of SSS members with at least 10 credited years.




Other priority measures Binay will be filing are the electronic violence against women and children bill, which seeks to safeguard victims of online violence from further harm by perpetrators who could be relatives or former partners, the regularization of barangay officials, and a measure improving incentives for public school teachers. She said the measures are a “continuation” of the pledges made by her father, Vice President Jejomar Binay, during his campaign for the presidency despite not winning.

Reference: http://interaksyon.com/article/129712/nancy-binay-to-file-bills-raising-income-tax-exemption-sss-pension

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