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"id": 1003197,
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"text_counter": 281,
"type": "speech",
"speaker_name": "Alego-Usonga, ODM",
"speaker_title": "Hon. Samuel Atandi",
"speaker": {
"id": 13290,
"legal_name": "Samuel Onunga Atandi",
"slug": "samuel-onunga-atandi"
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"content": "The other thing is on the VAT Act. The Bill proposes to cut substantially tax expenditures. In the previous Finance Bills, there have always been proposals to create more exemptions. The exemptions, in a nutshell, have worked towards denying the economy the required resources that it needs to run on. The Bill proposes to substantially cut a number of those exemptions and, in the process, this Finance Bill is going to ensure that the economy realises more than Kshs10 billion of tax expenditure that is going to be saved."
}