President Uhuru Kenyatta Rejects Finance Bill 2018. 16% VAT To Stay.

 

President Uhuru Kenyatta has rejected the finance bill 2018, a bill that was seeking to suspend implementation of 16 per cent VAT on petroleum products for two years. President Uhuru Kenyatta  had 14 days to approve or reject it.

Many kenyans have been waiting and hoping that president Uhuru Kenyatta will sign it.  Speaker of the national assembly had sent the bill to the office of the president on 13th of September and it happened that at this time the president was outside the country. President Uhuru Kenyatta has therefore rejected it and has sent it back to parliament. Reports from our sources is that the national assembly is set to hold a special sitting on Tuesday, 18th of September 2018.

As Kenyans were waiting for the president decision on the same finance bill, there hope was that president was going to consider the situation Kenyans are facing after the 16 VAT on petroleum products. According to the reactions from Kenyans now is that they are disappointed by this and they feel that no one now is out there to represent or rather to speak for them since the president was their last hope.

Kanze Dena who is the deputy spokesperson in the office of the president has announce that president Uhuru Kenyatta set to address the Nation tomorrow, 14th of September 2018 following consultations on the VAT matter with the leadership of the National Assembly. This might be meant to explain to Kenyans why he rejected it and what next.

Kenyans are already facing hard life since the cost of living is going at a rate they don’t give them hope for a good future in Kenya. While President Uhuru Kenyatta was in China, many Kenyans complained that our country is headed to a wrong direction because of the excess borrowing from China.

Reports also says that Chinese government are now financing alot of projects in specifically African countries. It is also reported that China has taken over some properties in some of the African countries that did not manage to pay back debt to the Chinese.

Some Members of parliament lead by Gatundu member of parliament Moses Kuria supported the 16% VAT saying that Kenyans must pay taxes without complaining. Moses Kuria said that he is even ready to lose friends and stand with his principles.

“Yes. I am supporting 16% VAT on fuel. I am not ashamed of it. I am not pretentious. And yes I know I will lose some of my friends and supporters. But my principles are more important to me as a Christian, a leader and a man who went to the river and not for fetching water to build a mud-walled house.” Moses Kuria

While Kenyans was feeling disappointed after president Uhuru rejects the finance bill 2018, Moses Kuria seems to have been a happy man as he congratulated the president for returning the finance bill to the parliament.

” I am not pretentious. And yes I know I will lose some of my friends and supporters. But my principles are more important to me as a Christian, a leader and a man who went to the river and not for fetching water to build a mud-walled house. ” Tweet from Moses Kuria.

Cabinet secretary Henry Rotich had earlier given hopes to Kenyans after meeting with the president that they will review the VAT on petroleum products after the public outcry. Surprisingly, the finance bill is now reject. This mean Kenyans will continue paying high taxes on petroleum product. The fear is that, the prices of other products in the market will go up after many business people sent a signal. Remember for every commodity to reach to the market, there must be transport. Already Kenyans are paying to much for their Matatu fare.

Many Kenyans are now blaming the Jubilee government and the fact that Raila Odinga who use to fight for then a times as an opposition leader is now in the government and is currently speaking less on many issues. He has been commenting less on corruption issues not like before  handshake. According to Kipchumba Murkomen, the president decision to reject the finance bill is in the best interest of our country however painful it will be.

Embakasi east member of Parliament, Hon. Babu Owino says that it is sad and discauraging that president Uhuru Kenyatta has reject the finance bill 2018.

 

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