Home NEWS Local News President Ruto throws weight behind Finance Bill 2023

President Ruto throws weight behind Finance Bill 2023

President William Ruto. Photo/Courtesy
President William Ruto. Photo/Courtesy

President William Ruto has thrown his weight behind the controversial 2023 Financial Bill.

The bill that is set to be debated in bicameral Parliament has proposed a raft of taxation that has rubbed the opposition the wrong way with the opposition chief Raila Odinga threatening to mobilize Kenyans to go the streets.

Channel 1

Raila has accused the government for crafting a law that will see Kenyans overburdened by taxes.

Speaking in Busia during an interdenominational prayer Sunday, President William Ruto said the bill proposes tangible and achievable means of raising resources that will see his administration achieve its development agenda.

One of the most contentious bits in the bill is the proposed 3pc Housing Fund to be taxed from all salaried workers to enable the construction of affordable houses.

Despite strong opposition from the Azimio Camp the president insisted that the proposal targets the few employed Kenyans who in turn will aid in the wider scheme of creating employment for the millions of Kenyans yet to be employed.

Opposition chief Raila Odinga has threatened to mobilize Kenyans to demonstrate against the proposed bill claiming that the Kenya Kwanza administration has overburdened an already over taxed Kenyans.

In a Saturday’s passionate appeal to the president through a press statement, Raila said his opposition to the bill was not personal as he was unemployed, but in a rejoinder, the president was having none of it.

During his tour to Busia, the Head of State promised a dual carriage, economic park, and a raft economic stimulus initiatives that will see Busia County fully exploit its potential.

Website | + posts