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Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Pearse Doherty: I move amendment No. 13: In page 20, between lines 24 and 25, to insert the following: “Report on income levy on high incomes 17. The Minister shall, within 6 months of the passing of this Act, prepare and lay before Dáil Éireann a report on the introduction of a high income levy of 5 per cent on high incomes in excess of €140,000.”. I withdraw it but...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Pearse Doherty: I move amendment No. 14: In page 20, between lines 24 and 25, to insert the following: “Report on maintaining Mortgage Interest Rate Relief 17. The Minister shall, within 6 months of the passing of this Act, prepare and lay before Dáil Éireann a report on maintaining the current Mortgage Interest Rate Relief until such time as mortgage interest rates are equivalent to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Pearse Doherty: I move amendment No. 15: In page 20, between lines 24 and 25, to insert the following: “Report on re-introduction of Trade Union Tax Relief 17. The Minister shall, within 6 months of the passing of this Act, prepare and lay before Dáil Éireann a report on the reintroduction of the Trade Union Tax Relief.”. This tax relief probably comes down to the way...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Pearse Doherty: I know.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Pearse Doherty: The timing of the election next year will determine that there will be no changes for a while. It is a valid point. On a serious point, I welcome what the Minister said. Obviously, the intention of this amendment is to ensure a report is produced. The Minister has agreed to produce that report. Therefore, I will withdraw the amendment. I hope that we would receive this report in...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Pearse Doherty: I understand we are to take a break.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Pearse Doherty: We are due to finish at 6 p.m.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Pearse Doherty: It is now after 6 p.m.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Pearse Doherty: No.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Pearse Doherty: I move amendment No. 16: In page 20, between lines 24 and 25, to insert the following: “Report on income tax relief 17.The Minister shall, within 6 months of the passing of this Act, prepare and lay before Dáil Éireann a report on an income tax relief equivalent in value to one month’s rent of an individual available to all renters not already in receipt of any...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Pearse Doherty: If the Minister accepts all my positions, those reasons disappear. The Minister made a point about rent increases going right up to the RPZ caps but I said that there is no point in bringing in a measure such as this unless a rent freeze is also introduced. It is of little comfort for those who are paying an average of €1,713 per month in Dublin, or in excess of €2,000 in some...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Pearse Doherty: There is no point talking about the 4% cap because rents are increasing at a rate of 7% annually even in RPZs. This has been discussed on numerous occasions at various committees and in the Dáil by myself and others with regard to the ways around the 4%. This committee relies on verifiable statistics. Rents are increasing at 7% annually. The Minister argued that a temporary rent...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Pearse Doherty: I did not say the Minister did.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Pearse Doherty: I did not.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Pearse Doherty: I did not.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Pearse Doherty: Yes, I did not say the Minister did.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Pearse Doherty: I am not arguing for refundable tax credits throughout the tax code and I am not arguing that Revenue has the capacity to do it; I am arguing for one relief. The Minister makes the valid point that if we make a tax credit refundable in one area, there would be an expectation other areas. I am sure every PAYE worker will have an expectation that the Minister should exempt one third of their...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Pearse Doherty: I am.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Pearse Doherty: It is factual.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Pearse Doherty: I brought SARP into the discussion to help to explain that there would be a legitimate expectation on the part of PAYE workers if they knew what Minister has done. I will say it to his face that he is making decisions that will benefit the elite; I would not say it behind his back if I was not willing to say it to his face. Of course, that is what happening with section 8 of the Bill. It...

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