Results 27,381-27,400 of 27,945 for speaker:Michael McGrath
- Finance Bill 2009: Second Stage (Resumed) (13 May 2009)
Michael McGrath: That is fine. Much has been said about what happened in the good times when Exchequer surpluses were being returned every year. It is important to put on the record all the good things the Government did at that time, including the significant reduction in the national debt to among the lowest in the EU, which has given us the capacity to borrow at a time when we need to if we are to work...
- Finance Bill 2009: Second Stage (Resumed) (13 May 2009)
Michael McGrath: I very much welcome the opportunity to contribute to the debate on Second Stage of the Finance Bill 2009, one of the most important and difficult Finance Bills any Minister for Finance has had to introduce in the House in modern times. The key tasks facing the Government in terms of the economy and the public finances are restoring stability to the public finances as a matter of priority;...
- Finance Bill 2009: Second Stage (Resumed) (13 May 2009)
Michael McGrath: That is simply untrue.
- Finance Bill 2009: Second Stage (Resumed) (13 May 2009)
Michael McGrath: Do I have the floor?
- Finance Bill 2009: Second Stage (Resumed) (13 May 2009)
Michael McGrath: I will give examples. Deputy Richard Bruton said a person on the average industrial wage was paying tax of 51%. Yes, he or she is, on a tiny proportion of his or her income. A person on â¬40,000 is paying an effective rate of tax of 22.1% following the supplementary budget. The equivalent in 1997 was more than 40%. We have brought taxation levels back to those which pertained between...
- Finance Bill 2009: Second Stage (Resumed) (13 May 2009)
Michael McGrath: Deputy Burton had her opportunity.
- Finance Bill 2009: Second Stage (Resumed) (13 May 2009)
Michael McGrath: These are the official statistics published with the budget.
- Finance Bill 2009: Second Stage (Resumed) (13 May 2009)
Michael McGrath: Deputy Burton said we were back at the tax levels of the 1980s. We are not.
- Finance Bill 2009: Second Stage (Resumed) (13 May 2009)
Michael McGrath: I directed my remarks through the Chair.
- Finance Bill 2009: Second Stage (Resumed) (13 May 2009)
Michael McGrath: I am not wrong. I have the facts here.
- Finance Bill 2009: Second Stage (Resumed) (13 May 2009)
Michael McGrath: The Deputy is wrong.
- Finance Bill 2009: Second Stage (Resumed) (13 May 2009)
Michael McGrath: A Chathaoirligh, who has the floor?
- Finance Bill 2009: Second Stage (Resumed) (13 May 2009)
Michael McGrath: All of my remarks.
- Finance Bill 2009: Second Stage (Resumed) (13 May 2009)
Michael McGrath: All of my remarks are being directed through the Chair.
- Finance Bill 2009: Second Stage (Resumed) (13 May 2009)
Michael McGrath: The valuable time I have has been wasted by interruptions.
- Finance Bill 2009: Second Stage (Resumed) (13 May 2009)
Michael McGrath: If I may continue, I will give some further examples. A married couple with two children and one income of â¬60,000 had an effective rate of tax of 36% in 1997, but following the supplementary budget it is 24%. Again, this couple is going back to levels of taxation that pertained in 2004-05. In a final example, a married couple earning â¬100,000 in two incomes, with two children, had an...
- Finance Bill 2009: Second Stage (Resumed) (13 May 2009)
Michael McGrath: These effective tax rates are equivalent to those of 2005-06. It is important to put that on the record. These are the facts as published in the supplementary budget.
- Finance Bill 2009: Second Stage (Resumed) (13 May 2009)
Michael McGrath: When I am on doorsteps people often ask me why middle income families are being hit. This is a difficulty for any government. The majority of people are within that category and if we want to make a serious effort to restore stability to the public finances we cannot, unfortunately, ignore the large swathe of the population that occupies the middle-income bracket. Yes, they are being asked...
- Banking System: Motion (12 May 2009)
Michael McGrath: I welcome the opportunity to contribute to the debate. Everyone in the House accepts there is a need for a properly functioning banking system which meets the needs of the economy. We also accept that resolving the current issues in the banking system is a prerequisite to economic recovery taking root. However, we seem to differ in the best way to achieve that goal. The backdrop to the...
- Written Answers — Health Services: Health Services (12 May 2009)
Michael McGrath: Question 199: To ask the Minister for Health and Children if a medical device will be provided to a person (details supplied) in County Cork as soon as possible. [18549/09]