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                    [ArticleID] => 207627
                    [Title] => Recto tax bill to cut car prices
                    [Summary] => Good news for people who are planning to buy new cars. 


According to Sen. Ralph Recto, car prices should go down as soon as the vehicle excise tax rationalization bill is enacted.


"The bill reduces the excise tax rates on cars from 50 percent and more to a range of three percent to 15 percent. Now, that is a substantial reduction which should translate into a substantial price cut," said Recto, chairman of the Senate ways and means committee.


He said manufacturers should not keep prices at their present levels once the tax reduction comes into effect.

                    [DatePublished] => 2003-05-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097047
                    [AuthorName] =>  Jess Diaz
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
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TOYOTA REVO AND MITSUBISHI ADVENTURE

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                    [ArticleID] => 207627
                    [Title] => Recto tax bill to cut car prices
                    [Summary] => Good news for people who are planning to buy new cars. 


According to Sen. Ralph Recto, car prices should go down as soon as the vehicle excise tax rationalization bill is enacted.


"The bill reduces the excise tax rates on cars from 50 percent and more to a range of three percent to 15 percent. Now, that is a substantial reduction which should translate into a substantial price cut," said Recto, chairman of the Senate ways and means committee.


He said manufacturers should not keep prices at their present levels once the tax reduction comes into effect.

                    [DatePublished] => 2003-05-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097047
                    [AuthorName] =>  Jess Diaz
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
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abtest

Recto tax bill to cut car prices

By Jess Diaz | May 26, 2003 - 12:00am

Good news for people who are planning to buy new cars. According to Sen. Ralph Recto, car prices should go down as soon as the vehicle excise tax rationalization bill is enacted. "The bill reduces the excise...

Headlines