Coming soon: Tax Relief for Individual Income Taxpayers
(by Marivic C. Españo, Business World, June 11, 2008)
When newspapers report about the efforts of Congress to pass a law intending to lower the taxes that are being paid by individuals, I must admit that I was skeptical on the possibility of this happening in the next couple of months. After all, bills seeking to reduce the tax burden on these taxpayers have long been filed, deliberated and studied in previous sessions of Congress, left unapproved when the last sessions ended, and then refiled when the next Congress opens it first regular session.
When I heard that the House of Representatives had already approved its version and transmitted the same to Congress, my hopes were raised, but I was still not that enthusiastic. I was expecting that it would take a few more months before the Senate, too, can approve its own version. Hence, it was a pleasant surprise to read a few days later that Senate had approved its version. What was doubly astonishing to read, immediately thereafter, that the House, in what I believe is an unprecedented move, recalled the version it earlier approved and adopted instead the Senate version. ……More
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организации актами After all, bills seeking to […….