Parañaque City Rep. Brian Yamsuan has urged Congress to fast-track pending tax relief measures for Filipino workers and small businesses amid rising inflation and the weakening peso.

According to the report of RH Milky Rigonan on DZRH's Damdaming Bayan, the proposal seeks to increase the annual personal income tax exemption threshold from P250,000 to P450,000 through House Bill No. 10577, while House Bill No. 10578 seeks to abolish the two-percent minimum corporate income tax (MCIT) imposed on micro and small enterprises.

Yamsuan said the measures aim to ease the financial burden on Filipino families and small businesses as inflation reached 7.8 percent in October, further reducing consumers' purchasing power.

He also noted that abolishing the MCIT could allow small businesses to redirect their tax savings toward daily operations and employee retention.