Pearse Doherty (Donegal, Sinn Fein)
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That is not true. During the McCreevy era, he was recording surpluses which means the economy was growing at a faster rate than expenditure. What the Minister has done today is exactly from McCreevy's script. He has talked about stamp duty increases on the one hand to fund personal tax decreases on the other. Stamp duty increases and some of his other tax-raising measures, while welcome, are not things on which the Minister should be banking for the long term. Cutting tax to a point where the Minister wants to bring it to the lowest in the OECD at a time when we have all these different pressures is not a prudent fiscal stance.