Results 5,321-5,340 of 6,295 for speaker:Michael D'Arcy

Seanad: Finance (Local Property Tax) Bill 2012: Second Stage (19 Dec 2012)

Michael D'Arcy: You made it.

Seanad: Finance (Local Property Tax) Bill 2012: Second Stage (19 Dec 2012)

Michael D'Arcy: We would never say that.

Seanad: Finance (Local Property Tax) Bill 2012: Second Stage (19 Dec 2012)

Michael D'Arcy: The Minister is welcome. Nobody welcomes a new tax, however, and I am sure the Minister would prefer not to have introduced this one, had there had been other options. One must compare the option of a property tax that would raise ¤500 million versus an increase in income tax. The figures I received from the Department on the Minister's budget submission show that income tax is expected...

Seanad: Finance (Local Property Tax) Bill 2012: Second Stage (19 Dec 2012)

Michael D'Arcy: This is not a Dublin tax, it is a national tax. People in Dublin will pay more.

Seanad: Finance (Local Property Tax) Bill 2012: Second Stage (19 Dec 2012)

Michael D'Arcy: Why will they pay more? It is because the value of their house is worth more. It goes without saying that anybody who lives in the countryside-----

Seanad: Finance (Local Property Tax) Bill 2012: Second Stage (19 Dec 2012)

Michael D'Arcy: -----has always had higher running costs just to live there. I speak as one who lives in the country and has always supported rural housing. Everybody who buys or builds a house in the countryside knows and accepts this is the case. There is no bus system to bring children to school. If one has children one does not have the option to keep them at home when they go to university. One has...

Seanad: Adjournment Matters: Job Creation (18 Dec 2012)

Michael D'Arcy: I welcome the good news for Wexford in the announcement that Eistech is to create 250 new jobs in the town. However, this is the first piece of good news for County Wexford in a very long time. The figures for my county are stark. Unemployment stood at nearly 25% at the end of the second quarter, which is one of the worst rates in the country. According to the figures from census 2011,...

Seanad: Adjournment Matters: Job Creation (18 Dec 2012)

Michael D'Arcy: I appreciate that progress has been made but I am making the point that the biggest county in the south east, which is Wexford, has had three visits from IDA companies. The Carlow and Kilkenny area have a similar population but they received six visits. Waterford received 25 visits. I never wanted to take a bite out of another person's sandwich but I do not want others to eat my...

Seanad: Credit Institutions (Stabilisation) Act 2010: Motion (18 Dec 2012)

Michael D'Arcy: Those of us in the Legislature should do so also. This is a necessary evil. What can I say?

Seanad: Credit Institutions (Stabilisation) Act 2010: Motion (18 Dec 2012)

Michael D'Arcy: As Senator Darragh O'Brien said, this is a necessary evil, as I would describe it. The Minister for Finance has huge powers and is extending the period of these powers by a further two years. The question that must be asked is what has he done with these powers. It is often passed over in the narrative that, under the Act, junior bondholders with investments worth ¤10 billion were burned....

Seanad: Credit Institutions (Stabilisation) Act 2010: Motion (18 Dec 2012)

Michael D'Arcy: I move: That Seanad Éireann resolves for the purposes of section 69 of the Credit Institutions (Stabilisation) Act 2010, that with effect as on and from the date of this Resolution, in subsection (1) of the said section 69 for the words ?31 December 2012? there shall be substituted the words ?31 December 2014?.??

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Michael D'Arcy: My concern is that if a credit union is prescribed in legislation as being disallowed to lend to a community organisation that is organised as a limited company, I do not know whether amendment No. 33 would be sufficient to overrule that prescribed portion that might be in the primary legislation.

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Michael D'Arcy: I welcome the amendment. It is an opportunity for credit unions in their own facility to fund projects, whether it is a PPP with a local authority or somebody else, for which they may not be able to get funding. There is another aspect that I would ask the Minister of State to consider. While it may not be a PPP project it is important to remember that credit unions are disallowed from...

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Michael D'Arcy: What is the ratio and what are the alterations or changes?

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Michael D'Arcy: The primary legislation will stand.

Seanad: Budget 2013: Statements (5 Dec 2012)

Michael D'Arcy: I am glad Senator MacSharry brought up the kettle calling the pot black. He sat here for years while his party reduced expenditure by ¤20 billion. The Government will reduce it by a further amount. He seems to have forgotten about the day that he sat here when his party reduced the blind allowance and the widow's allowance.

Seanad: Budget 2013: Statements (5 Dec 2012)

Michael D'Arcy: The Senator has forgotten it. By God, he has a bloody bad memory.

Seanad: Budget 2013: Statements (5 Dec 2012)

Michael D'Arcy: I wish to raise a number of issues. I do not intend to get into a political barney because this is my opportunity to raise issues. Perhaps the Minister of State will raise my issues with the Minister for Finance. The property tax will bring in ¤500 million. We were told about it and the Taoiseach flagged it months ago. I would go as far as to say that he did so the best part of 12...

Seanad: Budget 2013: Statements (5 Dec 2012)

Michael D'Arcy: Would the Senator ever shut up?

Seanad: Budget 2013: Statements (5 Dec 2012)

Michael D'Arcy: I never opened my mouth to the Senator once.