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Seanad: Finance Bill 2011: Second Stage (28 Jan 2011)

Liam Twomey: Should they study Bertienomics?

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (29 Jan 2011)

Liam Twomey: I accept what the Leader of the House stated regarding some of these tax reliefs. It is difficult to generalise but some of these schemes have been allowed continue long beyond their usefulness to the economy. Some of them are useful and as the Minister would have realised over the course of recent weeks, there is a great input into certain sections of society as a result of these tax...

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (Resumed) (29 Jan 2011)

Liam Twomey: Who has been in place for the past 14 years?

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (Resumed) (29 Jan 2011)

Liam Twomey: I want to make it clear that the Minister's Government has allowed an expansion of-----

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (Resumed) (29 Jan 2011)

Liam Twomey: Must he apologise for the Government decisions of the past 14 years?

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (Resumed) (29 Jan 2011)

Liam Twomey: The Minister should listen to what he is saying. He is suggesting Deputy Kenny should apologise for the Government's behaviour of the past 14 years.

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (Resumed) (29 Jan 2011)

Liam Twomey: The Minister is moving to the Opposition benches a little too quickly.

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (Resumed). (29 Jan 2011)

Liam Twomey: The section provides for a levy on private health insurance. The question I have goes back to when the new leader of Fianna Fáil was Minister for Health and it relates to the VHI's reserves. Why are VHI customers being hit so hard with levies and increased costs given we have never been given a clear answer as to why VHI needs a capital reserve of 40% when it could be 25%? Has the...

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (Resumed). (29 Jan 2011)

Liam Twomey: At the end of the day, it is a significant financial matter. Deputies Harney and Martin did not answer the question when they served as Minister for Health and Children. I had hoped the Minister for Finance who has told us he is down in the engine room morning, noon and night trying to sort out the economy might do something for those who have private health insurance and who are getting...

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (Resumed). (29 Jan 2011)

Liam Twomey: The reason the Minister changed the legislation earlier in the Dáil was predominately to facilitate the farming community. Single farm payments are made in the middle of October and farmers would have been expected to pay tax on income earned two weeks after the deadline. It would have been a matter of great concern to farming communities to have to pay up-front based on a cheque expected...

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (Resumed). (29 Jan 2011)

Liam Twomey: It was the Government that wanted to tidy up the position.

Seanad: Finance Bill 2011 (Certified Money Bill): Report and Final Stages (29 Jan 2011)

Liam Twomey: My sentiments have been expressed by the previous speakers on how the measure will have a shocking impact on the most vulnerable people in society.

Seanad: Finance Bill 2011 (Certified Money Bill): Report and Final Stages (29 Jan 2011)

Liam Twomey: That may happen anyway.

Seanad: Finance Bill 2011 (Certified Money Bill): Report and Final Stages (29 Jan 2011)

Liam Twomey: Senator Feeney should watch her language.

Seanad: Finance Bill 2011 (Certified Money Bill): Report and Final Stages (29 Jan 2011)

Liam Twomey: I support the recommendation. The reason many of the banks and financial institutions are either owned or majority owned by the State is the reckless decisions made in a short period of time. Many of these decisions would have been based on the bonuses being achieved for the work being done by the individuals concerned. The fact that the Government moved very slowly on this issue when it...

Seanad: Finance Bill 2011 (Certified Money Bill): Report and Final Stages (29 Jan 2011)

Liam Twomey: I think the Minister is the one who is bluffing.

Seanad: Finance Bill 2011 (Certified Money Bill): Report and Final Stages (29 Jan 2011)

Liam Twomey: I second the recommendation.

Seanad: Finance Bill 2011 (Certified Money Bill): Report and Final Stages (29 Jan 2011)

Liam Twomey: We have just had the last vote in the Seanad before the general election is called on Tuesday, even if the Minister tried to call our bluff on the bankers' bonuses. The legacy of former taoisigh Deputies Bertie Ahern and Brian Cowen and even the new boy, Deputy Micheál Martin, is not the finest period for this country or for the Dáil and Seanad.

Seanad: Finance Bill 2011 (Certified Money Bill): Report and Final Stages (29 Jan 2011)

Liam Twomey: We will finish this the way Fianna Fáil wanted.

Seanad: Finance Bill 2011 (Certified Money Bill): Report and Final Stages (29 Jan 2011)

Liam Twomey: We have seen the passage of another Finance Bill that will inflict more hardship on the people of Ireland and the Minister may justify these harsh budgets-----

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