Dáil debates
Tuesday, 14 October 2008
Financial Resolution No. 3: Income Tax
7:00 pm
Michael Mulcahy (Dublin South Central, Fianna Fail)
It is unpalatable to the community at large when taxation has to be increased, no more so than in the case of this levy. On balance, however, it is a fair compromise given the other provisions in the budget and the need to raise revenue. Will the Taoiseach confirm the figures the levy will raise in revenue?
People are prepared to contribute to raising revenue but I would temper that by saying they will want to see reform of the public sector as part of that equation, with which I know the Taoiseach agrees. We will deal with the abolition of 41 State agencies later in the debate.
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