A Centenarian Act vetoed?(http://newsinfo.inquirer.net/416745/centenarian-act-vetoed-for-being-oppressive).To veto is to reject or not sign a proposed or intended act by the chief executive (http://www.elook.org/dictionary/veto.html).
And what is this centenarian act? A centenarian is a person who lives at least 100 years. A Centenarian Act is a bill (Philippine legislature) proposing more benefits to centenarians which include a P 100, 000.00 cash gift plus discounts on purchases (up to 75%?).
The issue why it was rejected according to sources is that the chief executive found some provisions to be “excessive (and) unreasonable” and for being “patently oppressive.”
The 75% discount on purchases is non-tax deductible. It “exceeds the usual mark-up rate of most businesses and will obliterate profit margins and result in capital loss.(Read more: http://newsinfo.inquirer.net/416745/centenarian-act-vetoed-for-being-oppressive#ixzz2UoksnGD8).
The chief executive didn’t object its refiling. Well, the flaws must be ironed out (http://www.thefreedictionary.com/ironed+out) by the legislative body. it’s already a bonus to have lived three decades after the average life expectancy of the people in this country. It entails a lot of self-discipline.Therefore these people deserve recognition. Why not? They must have deserved it. …before they’re GONE!