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Consolidating Consensus, Advancing People’s Struggles and Building Alternatives
FDC insists on the human dimension of the debt problem, and leads the people in claiming...
FDC calls for the total revision of the Electric Power Industry Reform Act (EPIRA) otherwise known...
FDC’s Water Program works to strengthen resistance to water privatization policies....
FDC begins its perspective on climate finance with the principle of reparations for climate debt...
FDC aims to ensure a gendered perspective and understanding of the Coalition's Social Debt and...
For the second time, President Aquino rejected proposals for personal income tax cuts on the basis of anxiety over the implication of a resulting P30 billion forgone revenues while completely ignoring the urgency of an updated indexation of fixed-income earners’ salaries to prices. For the Freedom from Debt Coalition, this is another clear display of Aquino’s fiscal double standard as it reveals this administration’s twisted practice of collecting more from the poor while incentivizing the rich.
Multiple burdens already weigh down ordinary workers who, amid oppressions of contractualization and casualization, struggle for daily survival on their measly wages. Indisputably, not living but “libing” (interment) wage as labor groups call it as it can barely ensure sustenance and is lightyears away from providing for a life of dignity.
These ordinary workers are now even denied of their rightful claim to whatever little enjoyment such wages can afford as they are saddled with an unjust income tax scheme that was determined 18 years ago. In 2014, the peso’s purchasing power was already at 43.8 percent or less than half of what it was in 1998, when the current personal income tax brackets were first implemented. Now, low-income earners can hardly pay even for basic goods and services while still subjected to paying the same taxes pegged at a time when the cost of living was lower than the present.