Showing posts with label ed angara. Show all posts
Showing posts with label ed angara. Show all posts

Tuesday, December 17, 2013

The Ele-VAT in the Room

Credit: UNTV
Philippine politicians are a weird bunch. Take for example Sen. Ralph Recto, who seems to be trying to garner cheap goodwill by authoring a law that raises the tax exemption levied on 13th month paychecks. At face value, the 36.1% of the working force that comprise the non-underemployed segment of that group (presumably those that are guaranteed a 13th-month pay) would be absolutely ecstatic upon hearing the legislative move to take less from their Christmas bonuses.