James Reilly (Dublin North, Fine Gael)

I wish to inquire after a number of Bills. First, I wish to refer to the legislation coming before the House tomorrow. Given the savings that will be made from the reduction in the minimum wage amount to a mere €83 million in one year and that €40 million in bonuses are to be paid this year to bankers and €55 million was paid last year, which is an equivalent sum, will the Minister for Finance or the Tánaiste give an undertaking that these bonuses will be taxed at 99%? In the United States, President Obama taxed them at 90% and the Government here should show some leadership and go further. The people want that.

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