Results 6,041-6,060 of 35,575 for speaker:Pearse Doherty
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Pearse Doherty: The Minister has decided to reward people with higher earnings.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Pearse Doherty: Hang on. With respect, median is a measure of average. Do not put words in my mouth.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Pearse Doherty: The Minister is talking about mean earnings.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Pearse Doherty: I used median earnings and the Minister is using mean earnings. They are two measurements of average earnings.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Pearse Doherty: They are different measurements.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Pearse Doherty: I am not; I am just correcting the Minister. In fairness, the Minister's official told him I am right.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Pearse Doherty: Not at all. I am always happy to defend those on low and middle income earnings when it comes to tax measures.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Pearse Doherty: That is not true.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Pearse Doherty: That is not true.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Pearse Doherty: I will move amendment No. 16 later on. We have long argued for a refundable tax credit for renters. In the last session on the Finance Bill, I put it to the Minister that his policies and those of his Government had led to runaway rents and that families, renters and individuals are under great financial pressure as a result of the inaction of his Government. In one incident, the Cabinet...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Pearse Doherty: I have a couple of questions for the Minister. I will pick up on the point he made in respect of amendment No. 9. I raised this matter with his officials during the technical briefing. The Minister mentioned that there needs to be a cut-off age but there does not. If the principle behind the rent credit is to support renters, there are two ways to do it. A refundable tax credit, which...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Pearse Doherty: Yes. They do not pay tax at the higher rate. Being liable to it is one matter, but whether someone pays it is another. The point is that 23% of people will benefit from this €750 million measure while the rest will not. Will the Minister clarify another point? He spoke about middle-income earners. The commission has made it clear that the medium individual income was...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Pearse Doherty: That person's tax liability should be reduced. That is why I would have ensured it was reduced by as much as the reduction for someone on €180,000. Under what the Minister is doing, though, that will not be the case.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Pearse Doherty: No, I did not say that. I said that the best way of reducing it was by abolishing the lowest rate of USC and cutting the other rates significantly. That is the best way of doing that and I put that forward to the Minister in our alternative budget.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Pearse Doherty: Do not put words in my mouth.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Pearse Doherty: That is the same answer the Minister gave when we were trying to encourage him to bring in a rent cap in the first place. Does the Minister remember that one? He comes in here as if we forget everything he has said in the past. The Government was forced to introduce a rent cap at 2%. The leader of Fine Gael, Mr. Spin himself, says it is effectively a ban on rent increases. Is the...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Pearse Doherty: I am fully aware of what is happening in Berlin.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Pearse Doherty: The Minister is always very careful with his words. He said that there is a risk, but that is not what he was saying before when he said it was very likely that there would be a transfer of Exchequer funding directly to landlords. The Taoiseach said that the tax credit would only add to the price of rents and that it would be inflationary. The Minister's officials are telling him that what...