Pernia Warns of Dire Consequences for Infrastructure Plan if Congress Fails to Pass Tax Reform Bills

Socio-economic Planning Secretary Ernesto Pernia warned that failure to pass the tax reform proposals pending in Congress would imperil the plan to usher in a golden age of infrastructure. The government would also have to slow down in tapping official development assistance from China and Japan as it has to balance spending, borrowing, and capacity to pay. Washed down measures mean that the first package would yield lower additional revenues, with Pernia hoping that the succeeding packages compensate…

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