Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

By the way, the Deputy did not say what he would replace the €5 billion with. When what we deem to be, and what I am advised to be, windfall receipts in the current year are stripped out, we have an underlying deficit, yet the Deputy just asked whether we could eliminate a tax that brought in €5 billion without explaining what he would replace it with. He might argue he will do that in his pre-budget submission, which I look forward to seeing.

We will honour the commitment we made in the programme for Government. We will reduce the burden of income tax on all low- and middle-income workers. On this occasion, I hope the Deputy might support it.

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