Palace still hopeful Senate will pass sin tax bill

by Willard Cheng, ABS-CBN News

Posted at Aug 15 2012 05:21 PM | Updated as of Aug 16 2012 01:21 AM

MANILA, Philippines - Malacañang is hopeful that the Senate will pass the sin tax reform bill.

Presidential spokesperson Edwin Lacierda said the bill should be considered as a health measure, pointing out that the revenues from sin taxes would be used to fund universal health care.
 
"We experienced some difficulties in the House. There is, as you know, a tobacco lobby. We are hopeful that the Senate will consider this issue as a health issue for the betterment of the entire population," Lacierda said.
 
Lacierda said that diseases caused by smoking costs the economy by P177 billion a year.
 
The Palace expects P33 billion a year in revenues with the passage of the measure.