FISCAL POLICY FROM

1946 TO PRESENT
 While the succeeding presidencies of magsaysay, Garcia and
macapagal promised to study the tax structure and policy of the
country(through the creation of a tax commission in 1959 by
mean of Republic Act. No. 2211)
 During the administration of Fidel
Ramos in 1992 allowed for
continued economic growth. The
Ramos administration ventured
into own tax reform program in
1997 through the comprehensive
broad.
 Corazon Aquino took the helm of
the government after the EDSA
Revolution, she re-formed the tax
system through the 1986 tas
Reform program.
 According to President Joseph Estrada
in 1998 was too short to constitute any
change in the tax system. Then Vice
President Gloria Macapagal Aroyo was
swept to power through another EDSA
Revolution as a president.
 President Benigno Aquino III succeed
president Aroyyo in 2010. He
promised that no new taxes would be
imposed and additional revenue would
have to come From adjusting existing
taxes.
• QUESTIONS
• Identification: TRUE or FALSE

1. Who promised that no new taxes would be imposed and additional revenue would have to
come From adjusting existing taxes.
2. She was swept to power through another EDSA Revolution as a president.
3. He and she promised to study the tax structure and policy of the country. Through the
creation of a tax commission.
4. This administrative ventured into own tax reform program in 19197 through the
comprehensive broad.