On the rising prices of gasoline and crude and other oil products, presidential aspirant Mayor Isko Moreno promised to cut taxes on oil by 50% if elected president while BBM wants an immediate suspension of the excise taxes to reduce fuel prices immediately.
As a result, the Moreno camp accused Marcos of “idea thievery” which BBM supporters like Atty. Nick Nangit rejected it, saying ideas is not covered by Intellectual Property Code. Besides, according to Atty. Nick, BBM clearly outlined how he will do it unlike Isko who just said he will cut the fuel tax by 50% without elaborating his proposal.
A few days later, VP Leni Robredo joined the fun and claimed that as early as 2018, she already proposed the suspension of excise tax on fuel but because she was part of the Opposition, it was rejected. The VP was apparently not very pleased that only now, BBM, have joined the chorus calling for excise tax suspension because it is election season.
On that note, Atty. Trixie of the Luminous took to Facebook to burst Leni Robredo’s bubble, telling her that her call for suspension of excise tax on fuel is unnecessary for two reasons. First, there is a such a thing as automatic suspension clause if the price of oil hit the $80/barrel. Second, 2018 was a different time because use the Philippine economy was robust versus the Philippine economy in 2021.
In other words, Atty. Trixie said Leno Robredo was simply trying to look smart once again.
You may read Atty. Trixie’s brief FB post below now.
Iba po panahon ng 2018, madame. Walang COVID. May automatic suspension clause sa batas that says pag umabot ng $80/barrel, suspendido na excise taxes. Malakas ang ekonomiya nun.
Nagmagaling ka na naman.
As of this writing, Atty. Trixie’s FB post has generated 4,300+ reactions, 300 comments and 181 shares in just 5 hours and counting.