Michael McGrath (Cork South Central, Fianna Fail)
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I am very conscious of the work of the commission and the report is on my desk. Of course I am dipping in and out of it and looking at the various recommendations. I will not give any indication on any specific measure but if the Deputy looks at the broad point it makes, it makes the point that into the future there will be a need for additional taxation to fund the running of the State. That just underlines the need for us to make provision now for the future in order that we can mitigate some of the otherwise unavoidable tax increases. I refer to the need to a savings fund which will deliver an annual return for us in time. That will help to mitigate if not fully offset the impact of the fiscal decisions we would otherwise have to make to give effect to what is the central conclusion of the Commission on Taxation and Welfare.