Oireachtas Joint and Select Committees

Tuesday, 16 June 2020

Special Committee on Covid-19 Response

Covid-19: Impact on the Fiscal Position

Photo of Mairead FarrellMairead Farrell (Galway West, Sinn Fein) | Oireachtas source

Given those two options, and from what Professor McMahon said, it is concerning. It is clear to me that if there is a lack of willingness to include progressive taxation, it will mean a freeze or cut in spending on health, housing and childcare. On another aspect of this, it has been forecasted that there will be a significant fall in income tax receipts, VAT, etc., in the short to medium term. Would Mr. Barnes agree that for both unemployment levels and Government revenue, we will largely be relying on the success of our SME sector and, therefore, on the success of Government supports for those SMEs?

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