Paul Murphy (Dublin South West, Solidarity) | Oireachtas source

I am on the finance committee and every time we deal with the Department of Finance, it says it cannot touch hypothecation. The Department of Finance and economists want tax revenue coming in and then they want to make rational decisions as to how they spend it. One can understand why the public is in favour of hypothecation, namely, linking tax to particular spending, which in this case is for a just transition? The public does not trust the Government and that it will not just take this money and use it so that Apple will not have to pay tax. They do not believe that if they pay an increased carbon tax that it is actually going to be spent on climate change.