Senators call for relief from weak peso, El Niño via tax cut, minimum wage hike

Resumen del corpus

Senators called for government action to mitigate the erosion of purchasing power caused by a weak peso and the El Niño by raising the minimum wage and reducing the Value-Added Tax (VAT). Senator Christopher Lawrence T. Go supported a proposed daily minimum wage increase, while Senator Paolo Benigno A. Aquino IV pushed for tax exemptions and a reduction in the VAT rate on goods and services, including electricity costs. Labor groups urged immediate measures to protect workers from stagnant wages and declining living standards.