Dáil debates

Tuesday, 21 November 2017

Finance Bill 2017: Report Stage

 

8:40 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

This relief is widely available. As I said earlier, 292,000 families benefit from it. This amendment puts a freeze on it. One could freeze the local property tax or do other things but this has a direct benefit, particularly for those who are struggling to pay their mortgages at this point in time. Some of those who are having difficulties keeping a roof over their heads are benefitting from mortgage interest relief. As we parliamentarians cast our vote here, what we will be doing is potentially cutting what could have been 100% relief to 75%. This is the decision that we have to make. The Bill before us provides for 75% relief but I want to see that at 100%. I think we should provide the additional support, namely the current level of support that those families are receiving, which is why this amendment will be pressed to a vote. I am asking Members to reconsider their position on this, to support these families and to make sure they do not face higher mortgage payments next year as a result of voting down this amendment. All this amendment would do is make sure their mortgage payments will remain at the same level, instead of cutting the relief down to 75% which would mean they would have additional pressure in terms of keeping a roof over their heads.

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