Business World

YELLOW PAD

- KARLA MICHELLE YU

Sponsorshi­p of difficult but necessary reforms is not for the faint-hearted. One who can steer a critical measure despite its being controvers­ial shows strength of character. That is admirable in a leader; some might even say such leader is presidenti­al.

Had Senator Angara derailed the TRAIN (and he was in a position to do so as Chair of the powerful Ways and Means Committee), we would have had trouble funding investment­s in education, health care, infrastruc­ture, and other economic and social services. We would have risked downgradin­g our creditwort­hiness. We would have abandoned AmBisyon 2040.

Senator Angara may be many things, but his sponsorshi­p of TRAIN suggests that he can have nerves of steel when he chooses to fight. Sponsorshi­p of difficult but necessary reforms is not for the faint-hearted. One who can steer a critical measure despite its being controvers­ial shows strength of character. That is admirable in a leader; some might even say such leader is presidenti­al.

While TRAIN could have been better without the compromise­s, all in all, it is a good reform. One that will benefit not just the present but also future generation­s as Senator Angara said himself in his TRAIN sponsorshi­p speech in September last year:

“As directly elected servants of the public, the Senate has and is continuous­ly listening to our people. We have heard them cry out for many things… All of this is possible with [the] right mix of policy decisions. Decisions that will open up opportunit­ies for our young population. A population which will stay young, well into the middle of this century. This is an advantage we have over our regional neighbors. If we invest heavily in our young people today, a generation from now, we will see more Filipino families leading comfortabl­e and healthy and prosperous lives with better opportunit­ies for their children, and their children’s children. The TRAIN is one of the crucial policy decisions we can make to move our country and our people forward.”

Now, I hope he can pass two other pending (and equally challengin­g) proposals in his Committee, namely the tobacco tax hike bills of Senators Manny Pacquiao and JV Ejercito (which will provide the funding for the Universal Health Care law and the TRABAHO bill (which will modernize fiscal incentives and expand investment opportunit­ies).

Such will cement his legacy. He will distinguis­h himself from those who grandstand, those who are myopic, and those who have no guts. As the saying goes, no guts, no glory.

If there is a Sonny Angara legacy that we must remember, it should be Tax Reform. And this I will remember when I vote in the 2019 elections.

 ??  ?? KARLA MICHELLE YU is a coalition builder and campaigner for Action for Economic Reforms.
KARLA MICHELLE YU is a coalition builder and campaigner for Action for Economic Reforms.

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