Preamble
WHEREAS, the need for additional revenue for accelerated national development has rendered it imperative for the government to tap sources from which this might equitably be derived; WHEREAS, the existing rates of the specific taxes on distilled spirits, wines and fermented liquors are quite low as compared to similar levies in other countries; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree the following: