Oireachtas Joint and Select Committees
Thursday, 29 September 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Estimates for Public Services 2016: Department of Public Expenditure and Reform
9:00 am
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
We will be on a knife edge very quickly if we start using unexpected increases in receipts to reduce the taxes that pay for day to day spending. The Deputy referred to the increase in corporation tax receipts. The Minister for Finance has stated we will not use large increases in revenue in specific tax brackets to reduce tax levels for everybody or to fund large increases in public expenditure. To do so would bring us to a knife edge.
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