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{
    "id": 1441440,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1441440/?format=api",
    "text_counter": 186,
    "type": "speech",
    "speaker_name": "Marakwet East, UDA",
    "speaker_title": "Hon. Kangogo Bowen",
    "speaker": null,
    "content": " Thank you, Hon. Speaker. I stand to support the Finance Bill, 2024. This morning, my good friend and Leader of the Minority Party- Hon. Opiyo Wandayi - asked why this Finance Bill was so contentious. We have had finance bills since 1963. Finance Bill, 2024 is creating serious issues, including demonstrations in the streets. What people out there have been told by activists and people who have not read the Bill is completely misleading. I know there were some contentious clauses in this Bill. The Chairman of the Departmental Committee on Finance and National Planning moved it this morning. The Committee looked at the revenue raising measures that were proposed by the National Treasury and proposed several amendments which are people-friendly. In the original Bill, there was 16 per cent Value Added Tax (VAT) on bread. According to the Committee’s Report in the House, this proposal has been withdrawn. The proposal to have 2.5 per cent motor vehicle tax has also been withdrawn. The excise duty which was proposed in the original Bill on vegetable oil has also been withdrawn. The Eco Levy which The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}