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{
    "id": 1262219,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1262219/?format=api",
    "text_counter": 304,
    "type": "speech",
    "speaker_name": "Sen. Cherarkey",
    "speaker_title": "",
    "speaker": {
        "id": 13217,
        "legal_name": "Cherarkey K Samson",
        "slug": "cherarkey-k-samson"
    },
    "content": "I am told that was President John F. Kennedy. It is good to have elders like Sen. (Dr.) Khalwale who have good institutional memory. We benefit from their guidance and wisdom. On the issue of finance, the only challenge that young people face is lack of finances. For instance, Gikomba and Toy markets keep on experiencing fires. Whenever you go there, you always meet young people who tell you that they have proposals, but the only thing lacking is finances. I want to emphasize what Sen. Crystal Asige said. Let us have tax holidays for five to seven years for youth with startups ventures. We should give them tax holidays so that they can thrive and grow. One of the bottlenecks on establishment of startups, which may take between one to two years is taxation. Let us give tax holidays to the young people, but not tax exemptions to people who have the ability to pay. In the last financial year, there were tax exemptions of Kshs370 billion. Under the law, Persons with Disability (PWDs) should be given tax reliefs and exemptions. However, let us use tax holidays for young people as opposed to tax exemptions for people who have the ability to pay. The fourth point is on licensing. I have always wondered. When you walk to a kiosk or a cyber café, you will realise that the wall is like a mosaic. You will see licences"
}