Magsaysay to reduce fees and taxes by 30%
Olongapo City --- LAKAS-Kampi mayoralty bet Vicente Magsaysay outlined his program to reduce business costs by 30% to spur re-investment, increase employment and encourage entrepreneurship.
He also vowed to modernize the road system, reduce power rates, and provide free titling to ease the impact of the economic downturn by lowering costs and giving access to capital.
'Babawasan ko ng 30% ng taxes and fees, dahil ngayon sa kurakot lang naman ito napupunta,' Magsaysay told some 100 teachers and scores of student leaders here yesterday.
The Philpost Bank chairman and former Zambales governor believes that lower business costs, coupled with a mass land titling program, will mean more employment, more re-investment and spur consumer spending. (Read more)
