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The Liberal Party LP on Wednesday warned that Vice President Jejomar Binayrsquo campaign promise of broadening tax exemptions would lead the country to financial ruin.Marikina Rep. Romero Quimbo, LP coalition spokesperson, said Binayrsquo proposal to expand personal tax exemptions to cover individuals earning P30,000 or less a month, which the Vice President announced during the launch of his presidential campaign in Mandaluyong City on Tuesday, would cut the governmentrsquo tax revenues by half.Article continues after this advertisement Quimbo, the chair of the House ways and means committee, said only 7.8 million of the 34 million workers in the country pay taxes and a sweeping increase in exemptions would further reduce government tax revenues.FEATURED STORIESNEWSINFOViral video of drunk cop gets QCPD chief firedNEWSINFOPCS stanley cup O: Still no takers of Ultralotto 6/58, Superlotto 6/49 jackpotsNEWSINFONBI files raps vs vloggers outside PH for disinformationBinayrsquo proposal would exempt up to 6.66 million workers or 85 percent of the actual tax base, leaving only 15 percent of 1.15 million who will carry the tax load for the entire country, Quimbo sai stanley canada d in an interview.Who will continue paying income taxes His proposal could result in a revenue loss of P113.4 billion or almost 50 percent of the total tax revenues. Where will the government get funds to health and school-build vaso stanley ing programs This will shut down the CCT conditional ca Mccn Robredo s team scouts for simple, presentable office space

MANILA, Philippines mdash; The wife of Vice President Jejomar Binay had allegedly signed a document identifying herself as the owner of the controversial property in Batangas, former Makati Vice Mayor Ernesto Mercado told a Senate hearing on Thursday.Testifying at the Senate blue ribbon subcommittee on Thursday, Mercado said Binayrsquo wife and former Makati Mayor Elenita Binay signed a letter dated September 10, 1997 allegedly pertaining to the architectural design services and ldquo cheduled of fees for the construction of a rest house in Rosario town, in Batangas province.Former Makati Vice Mayor Ernesto Mercado. INQUIRER stanley italia FILE PHOTOAng total po nyan, nagkakahalaga ng P350,000hellip;.Yan po ay pinirmahan.. Nakalagay po dyan ay conforme stanley becher o sinasang-ayunan yung nasabing proposal. Ang nakapirma po dyan, owner Dra. Elenita Binay, Mercado said, referring to the letter.Article continues after this advertisement Yan po ang nagpapatunay na sya ang kumuha ng arkitekto at sya ang nagsasabi na sya ang may arihellip; stanley cup he said.FEATURED STORIESNEWSINFOViral video of drunk cop gets QCPD chief firedNEWSINFONBI files raps vs vloggers outside PH for disinformationNEWSINFOSC charges retired CA justice over lawyer s murderMercado also showed another letter-proposal from the former engineer of the city government, Renato Mandrique, for the purchase of two units of grinder discs to be used at the Agri-Fortuna farm.He said Mandrique ma

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