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Federal Party

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Federal Party’s policies on economic issues

These issues below are sorted in descending order based on how important the average Filipino [people] voter ranked them on the quiz.

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the Economy  ›  Minimum Wage

Should the government raise the national minimum wage?

FP>FP  ChatGPTYes, and adjust it every year according to inflation

the Economy  ›  Taxes

Should Philippines raise taxes on the rich?

FP>FP  ChatGPTLower the income tax rate and remove all existing tax loopholes for large corporations

the Economy  ›  Corporate Tax

Should Philippines raise or lower the tax rate for corporations?

FP>FP  ChatGPTLower, but eliminate deductions and loop holes

the Economy  ›  Government Spending

Should the government make cuts to public spending in order to reduce the national debt?

FP>FP  ChatGPTYes, and increase taxes

the Economy  ›  Economic Stimulus

Should the government use economic stimulus to aid the country during times of recession?

FP>FP  ChatGPTYes, but in the form of increased spending on infrastructure

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the Economy  ›  Free Trade

Should Philippines pursue free trade deals with other countries?

FP>FP  ChatGPTYes, but only if strong protections for our national resources and workers are enacted with each trade deal

the Economy  ›  Domestic Jobs

Should the government provide tax incentives to private companies to keep jobs within the country?

FP>FP  ChatGPTYes

the Economy  ›  Universal Basic Income

Do you support a universal basic income program?

FP>FP  ChatGPTNo

the Economy  ›  Government Pensions

Should pension payments be increased for retired government workers?

FP>FP  ChatGPTYes, adjust them yearly for cost of living

the Economy  ›  Welfare Drug Testing

Should welfare recipients be tested for drugs?

FP>FP  ChatGPTYes, but provide treatment for those testing positive

the Economy  ›  Tech Monopolies

Should the government break up Amazon, Facebook and Google?

FP>FP  ChatGPTNo

the Economy  ›  State Ownership

Should the government acquire equity stakes in companies it bails out during a recession?

FP>FP  ChatGPTYes, the government should receive equity for any financial aid they provide to companies

the Economy  ›  Offshore Banking

Should citizens be allowed to save or invest their money in offshore bank accounts?

FP>FP  ChatGPTYes, as long as offshore income is reported

the Economy  ›  Tariffs

Should the government add or increase tariffs on products imported into the country?

FP>FP  ChatGPTYes, this will help create and save more jobs

the Economy  ›  Decentralized Finance

Should the technology of our financial system transition to a decentralized protocol, that is not owned or controlled by any corporation, similar to the internet?

FP>FP  ChatGPTYes, but I would prefer if the protocol was created and secured by a government agency instead of a decentralized protocol

the Economy  ›  Stock Buybacks

Should the government tax stock buybacks?

FP>FP  ChatGPTNo, there is no evidence that firms that engage in buybacks reduce their investments