The bill would tax 50 % of any extra profit that oil companies and large retailers earn during a declared national energy emergency, and use the money to fund fuel subsidies, cash aid for low‑ and middle‑income families, and a renewable‑energy fund.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB09406. Status changes over time; check the link for the latest.
HB09406 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.