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Finance Bill 2021: Report Stage (1 Dec 2021)

Pearse Doherty: The Minister does not like the truth.

Finance Bill 2021: Report Stage (1 Dec 2021)

Pearse Doherty: The Minister does not have the floor. This is for the benefit of the butcher, so please thank the Minister for Finance. They just do not understand the reason we give these tax cuts to what the Minister has called these special people.

Finance Bill 2021: Report Stage (1 Dec 2021)

Pearse Doherty: The Minister does not like the truth. I will tell him this - the butchers and teachers I know are not thankful that the Minister is cutting the tax rates of those millionaires and thinking that it is for their benefit. They know exactly what is at stake here. Dr. Micheál Collins appeared before the Committee on Budgetary Oversight and said that the special assignee relief programme...

Finance Bill 2021: Report Stage (1 Dec 2021)

Pearse Doherty: The Minister has been there for ten years. His record is the highest rents in this city in Europe. His record is generations locked out of home ownership. His record is thousands of people homeless as a result of sky-high rents. That is the reality and things are getting worse. In 17 counties in Ireland rent increases are in double digits. The record is the Government brought forward...

Finance Bill 2021: Report Stage (1 Dec 2021)

Pearse Doherty: This is a government who would stand up for the constituents the Minister feigns sympathy for when they tell him they struggle to make ends meet.

Finance Bill 2021: Report Stage (1 Dec 2021)

Pearse Doherty: That is what we would do. We would be a government that would-----

Finance Bill 2021: Report Stage (1 Dec 2021)

Pearse Doherty: -----put those individuals into homes, instead of introducing higher rents.

Finance Bill 2021: Report Stage (1 Dec 2021)

Pearse Doherty: The Minister does not like to hear the truth.

Finance Bill 2021: Report Stage (1 Dec 2021)

Pearse Doherty: The Minister is not entitled to come back in.

Finance Bill 2021: Report Stage (1 Dec 2021)

Pearse Doherty: It is a point of order.

Finance Bill 2021: Report Stage (1 Dec 2021)

Pearse Doherty: The Minister can accuse me of whatever he wants and can say what my policies or those of my party may or may not do. But look at the Minister's track record. We do not have to look into a crystal ball to see what may happen. The Minister has been in Cabinet for well over a decade and has been Minister of Finance for a period of time. He has huge sympathy for all these poor...

Finance Bill 2021: Report Stage (1 Dec 2021)

Pearse Doherty: I move amendment No. 9: In page 20, between lines 28 and 29, to insert the following: "Report on income tax relief 16.The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on an income tax relief equivalent in value to 8.3 per cent of annual rent to all private rental tenants not already in receipt of any State subsidy,...

Finance Bill 2021: Report Stage (1 Dec 2021)

Pearse Doherty: I move amendment No. 8: In page 20, between lines 28 and 29, to insert the following: “Report on income levy on high incomes 16.The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on the introduction of a high-income levy on high incomes in excess of €140,000.”.

Finance Bill 2021: Report Stage (1 Dec 2021)

Pearse Doherty: Tapering out tax credits does not increase the marginal rates. They will remain the same. The impact would be on the effective rate. I mentioned to the Minister that this, combined with the other measure, would bring the effective rate below where it was in 2014. Tapering out the tax credits, therefore, would not impact on the marginal rate of taxation, which brings in €232...

Finance Bill 2021: Report Stage (1 Dec 2021)

Pearse Doherty: I do not know if it was an error on the part of the Minister but the amendment speaks to tapering out the tax credits on incomes between €100,000 and €140,000 at a rate of 2.5% for each €1,000. The Minister, in giving his figures, mentioned 5%. Anyway, that is not the biggest issue. I am not surprised that the Minister has decided to vote against this amendment....

Finance Bill 2021: Report Stage (1 Dec 2021)

Pearse Doherty: I move amendment No. 7: In page 20, between lines 28 and 29, to insert the following: “Report on tapering out of income tax credits 16.The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on tapering out income tax credits for incomes between €100,000 and €140,000 at a rate of 2.5 per cent for each...

Finance Bill 2021: Report Stage (1 Dec 2021)

Pearse Doherty: I welcome Revenue's pragmatic approach on the extension of this waiver allowing those individuals to avail of this relief during the time of public health restrictions, which may go into next year. That was what I sought to achieve by raising this on Committee Stage. On the wider issue of the amendment, I have always said we need to look at this from an all-island point of view and in...

Finance Bill 2021: Report Stage (1 Dec 2021)

Pearse Doherty: I acknowledge the Minister has met the groups and I appreciate his comments that he will continue to monitor the matter. However, this is a very important issue, and not just for the workers. It is challenging for somebody who works from home even three, four or five days in a year because the relief is not available. The Minister referred to the principle that somebody who is resident...

Finance Bill 2021: Report Stage (1 Dec 2021)

Pearse Doherty: I do not have an issue with amendments Nos. 3 to 5, inclusive. This is about ensuring that students are exempt from tax in terms of the PPG. This measure is directed at student nurses. Where is the front-line workers' bonus? Where is a bonus for all of the other nurses? The Taoiseach committed in June of this year to bring forward a bonus without delay. The Minister for Public...

Finance Bill 2021: Report Stage (1 Dec 2021)

Pearse Doherty: The Minister referred to a speedy decision. The Taoiseach said six months ago that a decision would be made. One thing the Government cannot be accused of is speed, especially when it comes to rewarding those on the front line. We stood in the Chamber months or years ago and gave nurses a round of applause. They are, unfortunately, back on the front line dealing with high levels of Covid....

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