27, 2020 at the House of Representatives in Quezon City. Handout, Office of the Senate President
The president zeroed in on such oligarchs, claiming early in his televised speech that he was a “casualty,” in particular, of the Lopezes, owners of the media and entertainment network which his administration shut down as he had promised. Duterte also sought the passage of the Corporate Recovery and Tax Incentives for Enterprises bill, which would reduce corporate income tax rate from 30 to 25 percent.“Worse times loom ahead but I hope that this spirit of solidarity and unity will serve as a drumbeat to which we shall march in unison in our quest for the light at the end of the tunnel.
“Not specific? It’s true. Not specific maybe to what the critics would like the president to say,” Cualoping told ANC. The government can fund a much bigger relief measure, the opposition congressman said in a statement, citing domestic borrowings and assistance from foreign lending institutions.
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