Kabataan Representative Raoul Manuel asks Marcos’ economic team on the first day of House budget deliberations on Thursday, August 10, whether it would be open to taxing billionaires. Finance Secretary Benjamin Diokno says the government prefers taxing people based on consumption and not on income.

Subscribe: https://bit.ly/RapplerYouTube

More videos on Rappler: https://www.rappler.com/video

Follow Rappler for the latest news in the Philippines and around the world.

Support independent journalism. You can help power our investigative fund by donating to our crowdfunding: https://donate.rappler.com/

Fastest update at www.pinoynetwork.su. Keep checking back for fresh new videos uploaded everyday.