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Saturday, June 16, 2018

DSWD starts giving P2,400 Cash Grants to Poor Senior Citizens to Counter TRAIN Law Effect!

The distribution of unconditional cash transfer program (UCCP) of Department of Social Welfare and Development (DSWD) has started. The poor senior citizens from San Fernando, Pampanga are the ones who received first the payout. This is a part of the measure of the government to ease the inflationary impact of the tax reform law (TRAIN Law) on poor families.

The distribution of unconditional cash transfer program (UCCP) of Department of Social Welfare and Development (DSWD) has started. The poorest of the poor senior citizen from San Fernando, Pampanga are the ones who received first the payout. This is a part of the measure of the government to ease the inflationary impact of the tax reform law (TRAIN Law) on poor families. In San Fernando, Pampanga, 733 beneficiaries received the cash grants amounting to P2,400 each. According to DSWD Acting Secretary Virginia Orogo, other DSWD field offices in the regions are already preparing for the payroll documents for the provision of the subsidy to social pension beneficiaries in their respective regions. Overall, some 3 million senior citizens are expected to receive their grants. The unconditional cash transfer program is the tax subsidy provided under the Tax Reform for Acceleration and Inclusion (TRAIN) law to cushion the adverse economic impact of the law for three years on the poor, starting 2018. For this year, beneficiaries will receive P200 per month or P2,400 for one year. In 2019 and 2020, the subsidy will increase to P300 or P3,600 a year. Aside from the 3 million social pensioners, beneficiaries also include the 4.4 million household-beneficiaries of the DSWD’s Pantawid Pamilyang Pilipino Program (4Ps) and the 2.6 million poor households listed under the DSWD National Household Targeting System for Poverty Reduction or "Listahanan." The recently implemented Train Law will increase taxpayers' take-home pay for most employees, but it would also lead to higher prices of cars, fuel, tobacco, and sugar-sweetened beverages. This, in turn, is expected to lead to higher transportation fares, prices of basic commodities, and power rates. Consumers have lamented that the increase in their earnings would only go to the additional cost of goods and services.

In San Fernando, Pampanga, 733 beneficiaries received the cash grants amounting to P2,400 each.

According to DSWD Acting Secretary Virginia Orogo, other DSWD field offices in the regions are already preparing for the payroll documents for the provision of the subsidy to social pension beneficiaries in their respective regions.

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Overall, some 3 million senior citizens are expected to receive their grants.

The unconditional cash transfer program is the tax subsidy provided under the Tax Reform for Acceleration and Inclusion (TRAIN) law to cushion the adverse economic impact of the law for three years on the poor, starting 2018.

For this year, beneficiaries will receive P200 per month or P2,400 for one year. In 2019 and 2020, the subsidy will increase to P300 or P3,600 a year.

Aside from the 3 million social pensioners, beneficiaries also include the 4.4 million household-beneficiaries of the DSWD’s Pantawid Pamilyang Pilipino Program (4Ps) and the 2.6 million poor households listed under the DSWD National Household Targeting System for Poverty Reduction or "Listahanan."

The recently implemented Train Law will increase taxpayers' take-home pay for most employees, but it would also lead to higher prices of cars, fuel, tobacco, and sugar-sweetened beverages. This, in turn, is expected to lead to higher transportation fares, prices of basic commodities, and power rates.

Consumers have lamented that the increase in their earnings would only go to the additional cost of goods and services.