NextGen Day

The Tax Reform for Acceleration and Inclusion (TRAIN) law constitutionality was upheld by the Supreme Court (SC), and the chairman of the House Ways and Means Committee applauded the decision as evidence of the high court’s commitment to upholding its customary respect for Congress’ preeminence in enacting tax legislation.

Joey Salceda, a representative for Albay, claimed that the Supreme Court’s decision to dismiss petitions challenging the TRAIN law almost unanimously shows that the court will uphold long-standing precedent that “the taxation power of the State is purely a legislative duty.”

The two petitions from a consumer advocacy organization and former parliamentarians that questioned the legitimacy of Republic Act 10963 were dismissed by a vote of 13 justices. Associate Justice Ricardo Rosario did not participate in the ruling because he was on a wellness leave, but Associate Justice Alfredo Benjamin Caguioa did.

“The vote revealed a nearly unanimous agreement among the Justices that the Court will recognize the Congress’ well-established discretion in determining fiscal policy. As a result, we have a lot of room to make tax policy improvements without worrying that the Supreme Court will unfairly invalidate them “In a statement, he said.

He added that the most recent decision makes his committee’s goal of pursuing tax reforms more clear.

“The decision confirms that Congress does, in fact, write tax law. That gives the House Committee on Ways and Means more leverage to continue its work on tax reform and policy reform, he said.

“Going forward, we are dedicated to carrying out our responsibility of developing a taxation system that is really progressive – both in the burden it imposes and the advantages of what it collects. Additionally, ensuring that the burden is truly placed on the targeted taxpayers is a crucial component of developing a progressive tax system “Added he.

He cautioned that if the law was overturned, significant raises in the typical taxpayer’s take-home pay—including the roughly 5% raise that workers received under the TRAIN bill this 2023—would have been rendered ineffective.

Naturally, we support a progressive tax structure. However, rather than being decided by the courts, this is an issue for Congressional discussion. And the judgment supports this.

Save/Share this story with QR CODE

---

Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

📩 Need to get in touch?

📩 Feel free to Contact NextGenDay.com for comments, suggestions, reviews, or anything else.

---

We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❤️GIVE A TIP. Send a small donation thru Paypal😊❤️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) 🛒 BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) 👍 Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

---

AFFILIATE PARTNERS

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

---