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{
    "id": 846722,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/846722/?format=api",
    "text_counter": 249,
    "type": "speech",
    "speaker_name": "Tongaren, Ford Kenya",
    "speaker_title": "Hon. (Dr.) Eseli Simiyu",
    "speaker": {
        "id": 141,
        "legal_name": "David Eseli Simiyu",
        "slug": "david-eseli"
    },
    "content": "them a little bit more. This Bill will raise chicken feed; it will raise very little money. Compared to the deficit we are running, this Bill cannot possibly cover for it. It is interesting that we tend to think that more taxes are what we require. In fact, when we increase taxes, we shrink the economy—in the sense that the investors are going to take their money elsewhere when taxes are so high. So, as we talk about improving manufacturing and all that, I do not think the attitude of this Finance Bill will be able to enhance manufacturing. If investors know that they will have to pay so many levies, including a housing levy, for what reason would they bring their money here? Why not take it elsewhere where they will be able to make a profit without those many levies? In other words, we are actually shooting ourselves in the foot. I do not think it was a well thought out Bill. I would suggest that the Committee, which has done a good job, should do a thorough comb of this and not fear to remove some of the proposals, because Kshs27 billion is not going to do anything to the over Kshs500 billion deficit that we have. The Committee should be brave enough to remove some of these levies that are totally uncalled for. If we do not do that, then this Bill will be the last nail on the coffin of the Kenyan economy. As I finish, I would advise that the people who came up with this Bill, instead of visiting retired Mzee Moi who left the economy on its knees, they should visit retired Mzee Kibaki who left the economy robust and on the jog. Then we will get the equation right in this country. Thank you, Hon. Temporary Deputy Speaker."
}