Pangasinan 4th District Representative Christopher de Venecia on July 28 lauded President Rodrigo Duterte for certifying as urgent a couple of bills that will help businesses stay afloat during the coronavirus disease (COVID19) pandemic.
The Pangasinan politiko said the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), which aims to reduce corporate income tax from 30% to 25%, will help businesses survive.
“Masaya tayong narinig, na sinertipika as urgent ng Pangulo yung CREATE bill upang maibaba ang corporate income tax — from 30% to 25% —para matulungan ang mga kumpanya at mga negosyo,” De Venecia said.
He also said the stimulus bill called “Bayanihan to Recover as One Act” will help different sectors of society cope and recover from the effects of the pandemic.
“Ito yung binansagang ‘Bayanihan to Recover As One Act’ na magbibigay ng stimulus na 160 billion sa iba’t ibang sektor ng lipunan,” De Venecia said.