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{
    "id": 846641,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/846641/?format=api",
    "text_counter": 168,
    "type": "speech",
    "speaker_name": "Kiminini, FORD-K",
    "speaker_title": "Hon. (Dr.) Chris Wamalwa",
    "speaker": {
        "id": 1889,
        "legal_name": "Chrisantus Wamalwa Wakhungu",
        "slug": "chrisantus-wamalwa-wakhungu"
    },
    "content": "low income earners. I have looked at the proposal. It is proposing that 0.05 per cent must be charged on every Kshs 500,000 for the sake of funding universal healthcare. I oppose. You cannot say that someone with Kshs500,000 is endowed. That is little money. We will have to amend when it comes to the Committee of the whole House to increase the amount to possibly Kshs1 million. When it comes to Real Time Gross Settlement (RTGS) transactions, it is capped at Kshs1 million. At least, Kshs1 million is reasonable. When I look at the National Government Development Constituencies Fund (NG-CDF), if one would use to it to pay money for university students as bursary, in most cases it has been in excess of Kshs500,000. Now, if you put a levy of 0.05 per cent, who will incur that cost? It is a good observation, but we will amend it when it comes to the Committee of the whole House. That way, we increase the threshold from Kshs500,000, if possible, to Kshs1 or Kshs2 million. Otherwise, that tax of 0.05 per cent will be prohibitive. In many cases, when you transfer money, you might be transferring it to your daughter or son who is still in school for purposes of school fees. Therefore, when you want to charge 0.05 per cent, it will be very expensive and prohibitive measure and we want to reject it."
}