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{
    "id": 985511,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/985511/?format=api",
    "text_counter": 877,
    "type": "speech",
    "speaker_name": "Kikuyu, JP",
    "speaker_title": "Hon. Kimani Ichung’wah",
    "speaker": {
        "id": 1835,
        "legal_name": "Anthony Kimani Ichung'Wah",
        "slug": "anthony-kimani-ichungwah"
    },
    "content": "Even as I support, I sound a word of caution. Newton’s Third Law of Motion states that for every action, there is an equal and opposite reaction. Indeed, even as the Government and other governments around the world seek to institute measures, some that may be popular with the public because they are very good, there are others that might be counterproductive. In particular, I want to sound caution on the reduction of VAT from 16 per cent to 14 per cent. Those who sit with us in the Budget and Appropriations Committee and those who sit in the Departmental Committee on Finance and National Planning are privy to some of the analysis our Parliamentary Budget Office presented to Members of Parliament. With this proposal, we are going to lose revenues to the tune of Ksh49.5 billion in one quarter. Maybe, we should be asking ourselves: Would we rather have the Ksh49.5 billion and offer food rations to Kenyans or we copy and paste what is being done in other countries, as the Leader of the Minority Party has said? We copy and paste things that are being done by other countries that operate under different circumstances; therefore, reduce the revenues we ought to get. I support, but with a word of caution. I encourage the Executive that even as they institute certain measures, they should be measured and cautious of what we do so that we do not shoot ourselves in the foot as we try to walk in the midst of a very serious crisis."
}