Mary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

The Tánaiste knows that we are dealing with the consequences of a burst property market; that people were ripped off and paid outrageous sums for houses which have subsequently lost 50% or more of their value; that young couples are left raising children in one and two bedroom apartments or houses that are too small, with no prospect of moving on; that there are 160,000 families in mortgage distress, who cannot pay their mortgages and who are struggling on interest-only mortgages; and that thousands have paid out huge sums in stamp duty. Now the Government comes along and slaps a tax on the family home.

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