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6 Agosto 2024, Martes Register now and vote in midterm polls Aspirants file your certificate of candidacy on October 1-8,2024 Substitute candidates must be with same surname and political party Partylist must file Certificate of Nomination a…
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By iskup2015 on August 6, 2024

6 Agosto 2024, Martes

Register now and vote in midterm polls

Aspirants file your certificate of candidacy on October 1-8,2024

Substitute candidates must be with same surname and political party

Partylist must file Certificate of Nomination and Acceptance

PM for any hospital discharge problem

Hse panel tax exempted donation to athletes

By Nidz Godino

"What that teaches us is that  prize is never won on the day of  competition itself, but years before…hard work, determination and sheer grit through many years of training wins over talent," Rep. Joey Salceda said, recalling gymnast Carlos Yulo.

When Caloy was 12 years old  winning the Olympics was his "dream."

Proposal to exempt from taxes donations and prizes for athletes joining international sports competitions has hurdled  House of Representatives' committee on ways and means.

Panel chairman Salceda said House Bill 421, approved by his committee, "exempts not just  prizes that are handed out by brands and companies after win," but also "donations toward their training one year before  competition."

HB 421, originally dubbed  "Hidilyn Diaz Law" in  18th Congress (2019-2022), didn't make it in  Senate.

Salceda said  measure should also be named in honor of gymnast Carlos Yulo, who won two gold medals in  ongoing Paris Olympics. Weightlifter Diaz won  country's first gold medal in 2020 Olympics in Tokyo.

"It follows  philosophy I have espoused as Albay governor: rescue is  bad word, because there is no need for rescue when all preparations have been made…capacity is everything… approach is to incentivize not the prize, but  preparation…champions are not made overnight," Salceda said.

Salceda's committee also approved making  bill's exemption "retroactive to Jan. 1, 2024." 

Rep. LRay Villafuerte moved for  "plenary approval" of  measure, now called "Carlos Yulo bill."  Senior  administration legislator was author of House Bill 8226, one of the six bills incorporated into  committee-passed substitute bill. 

"Yulo's victory should prompt our sports officials to give  long hard look at giving priority to  development of relatively non-traditional sports like gymnastics to further sharpen our global edge in international sports competitions, if we sharpen our focus on sports disciplines like gymnastics and hire A-1 coaches and trainers from overseas to mentor our promising athletes, I am sure we will be able to produce more medalists like Caloy in international sports events like  Olympic games,"  Camarines Sur second district congressman said. 

Speaker Martin Romualdez is eyeing lifetime pension for Filipino athletes who have earned medals in  Olympics, apart from other benefits that they may be entitled to under  proposed legislation.

Romualdez made  proposal as he acknowledged  "immeasurable and priceless" achievements of Yulo and Diaz who won golds in separate Olympics season. 

Romualdez said while  nation may not be able to fully repay the two athletes for making Filipinos proud, "we can acknowledge their triumph by way of giving them benefits from  government."

Lawmakers, he said, are studying possibility of "enhancing and increasing" government benefits to medalists in Olympics.

"And one of these is giving  lifetime pension to all Filipino Olympic gold, silver and bronze medalists who all brought honor and pride to our country…this will start by  time they reach age of 40, or when they retire from their field of sport," Romualdez said.

The Speaker  had already asked members of concerned House committees to initiate discussions on passing  bill that would "institutionalize" grant of more benefits, financial or otherwise, to Filipino Olympic medalists.

At the same time, Romualdez directed appropriate House committees to study amendments to  "National Athletes and Coaches Benefits and Incentives Act (Republic Act 10699)," to determine if  law needs to be updated to reflect needs of athletes and coaches.

He said giving more benefits to Filipino Olympic medalists would guarantee secure and brighter future for them, even after their retirement from  sports they excelled in.

Romualdez described gymnast Yulo as  "once-in-a-century Filipino athlete" following his exceptional double gold victory at  Paris Olympics. He first clinched gold in  men's floor exercise on Saturday and followed it up with another gold in men's vault on Sunday.

His victories marked  Philippines' first and second Olympic medals in gymnastics and  country's second and third gold medals since joining  Summer Games exactly a century ago, also held in Paris.

The Speaker praised Yulo's achievements for "bringing immense pride and joy to the nation and showcasing  unparalleled talent and dedication of Filipino athletes on the global stage."

"His remarkable performance at  Paris Olympics, winning double gold in both  floor exercise and vault, is  testament to his hard work, perseverance and exceptional skill," Romualdez said of Yulo.

House of Representatives has pledged P3 million for gold medalists, P2 million for silver medalists and P1 million for bronze medalists.

With Yulo winning two gold medals, he will get  minimum incentive of P6 million from  House.

On top of this, Yulo will receive additional cash incentives from  fundraising campaign initiated by  Speaker among his colleagues in the chamber.

Yulo will also be conferred  congressional medal for his exceptional achievement and contribution to Philippine sports.

Earlier, Romualdez extended financial assistance to all 22 Filipino athletes participating in  Paris Olympics. 

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