Dáil debates
Thursday, 17 May 2012
Credit Guarantee Bill 2012: Second Stage (Resumed)
2:00 pm
Éamon Ó Cuív (Galway West, Fianna Fail)
Why not review it now? This goes back to a core principle in the Department of Finance that is a result of Merkel-thought: the State cannot invest money and make money on it, even though the State gets all the taxes from activity. A huge proportion of the decrease in taxation is a result of the lack of activity in the economy. Why when the scheme was being drawn up, if it was going to save so much money for the Exchequer, was it not done at a much greater level?
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