Oireachtas Joint and Select Committees
Thursday, 23 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Joan Burton (Dublin West, Labour) | Oireachtas source
Yes. In relation to the proposal about reducing the lower rate of tax, remember, as you've just said, the upper rate of tax had come down by some seven points over the period and we were concerned that ordinary, you know, working families, people on modest incomes, particularly young people going into employment, that they, for instance, would enter the tax situation at a lower point. Now it was a very modest proposal and all of our proposals were subject, obviously, to the budgetary process of when the resources would be available to do that. But it was in the ... you see, there was the comparison that, I think, was in, particularly in Deputy Rabbitte's mind, was there had been this enormous reduction in taxes for people who had been very, very well ... who were very well ... who were very wealthy-----
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