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Budget squeezes salaried workers in bid to lift hustlers
The Kenya Kwanza administration has hit salaried workers and the middle class hard in its search for Sh211 billion in additional taxes. FILE PHOTO | POOL
The Kenya Kwanza administration has hit salaried workers and the middle class hard in its search for Sh211 billion in additional taxes to fund its first Sh3.6 trillion Budget, further squeezing incomes that are under pressure from high inflation.
In keeping with the tone set by the Ruto administration to go after those it considers privileged to help uplift the poor, amendments to the Finance Bill 2023 by the Budget and Finance Committee of the National Assembly target the middle class for higher taxes and levies while offering some reliefs to low-income earners.