Brian Cowen (Laois-Offaly, Fianna Fail)

That is a point of view. However, the main point is that we have seen a reduction of taxes on labour and moving towards taxes on capital. That has happened. Since we came into office, the capital tax take as a percentage of total tax revenues has risen in this administration from 4.6% to almost 16% last year. That is a fourfold increase from the time we came into office. We did that to make sure that we reduce taxes on labour to promote employment as part of our economic strategy of having a greater number of people working.

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