Dáil debates

Wednesday, 26 January 2011

Finance Bill 2011: Committee Stage

 

1:00 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)

I will conclude on this point. The first amendment deals with the economic impact of provisions of this Bill and how they will impact on the job creation. We have read in the newspapers of massive job losses in the retail sector. We know that they are happening already because the Minister has reduced the spending power of every citizen. I refer to the people who spend all the money they have day in, day out. The Minister has taken primarily €2 billion out of their pockets through a range of measures, brought them deeper into the tax net through the tax bands, made changes to tax reliefs, introduced the universal social charge and abolished reliefs such as the reliefs on university charges. These measures will blow up in the Government's face when the time comes.

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