Embakasi East MP Babu Owino has sharply criticized the government’s handling of the Finance Bill 2024, asserting that it will disproportionately impact ordinary citizens. Speaking on Spice FM on Thursday, June 20, Owino emphasized the need to invest in the local population to stimulate economic growth, rather than burdening them with additional taxes.
“To grow an economy, one has to invest in the people, and in this case, it is those in the lower cadre,” Owino stated during the interview.
Owino highlighted concerns about the proposed 16 percent VAT on bread, arguing that it would adversely affect consumers, retailers, manufacturers, and wheat farmers, thereby undermining local industries.
Regarding the recent demonstrations against the Finance Bill, Owino expressed his support, describing them as a justified response to the economic pressures faced by millions of Kenyans. “Millions of Kenyans are barely surviving in this present economy,” he noted. The MP affirmed the opposition’s solidarity with the ongoing peaceful protests across the country.
Responding to criticisms of the opposition’s stance, Owino dismissed claims of indifference, asserting that many opposition legislators are prepared to reject the Finance Bill 2024 during the upcoming vote. He emphasized their commitment to challenging government policies perceived as detrimental to the public interest.
Earlier this week, the government reversed course on several contentious tax proposals following public outcry. Owino’s comments reflect a broader discontent with the Bill, as both citizens and opposition leaders call for more equitable economic policies.
Recent Comments