Brian Lenihan Jnr (Dublin West, Fianna Fail)

Nearly two thirds of the Labour Party's proposed €2 billion in savings are, in effect, tax increases which will impact widely on a weakened economy. Several of the actions proposed by the Labour Party have already been taken into account by the Government and are in the 2009 Estimates and the revenue pencilled in for some of the measures is highly speculative. For example, where does one obtain a figure of €186 million for lowering the pension cap tax relief from €150,000 to €100,000?

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