Seanad debates

Wednesday, 26 March 2003

Finance Bill 2003 [ Certified Money Bill ] : Committee and Remaining Stages.

 

In this budget, due to economic circumstances, it was only possible to do a little. I considered doing nothing on taxation in the budget at one stage. What we did do was to keep 90% of the minimum wage out of the tax net. We did it by this particular method, with which I feel Senator McDowell would agree, rather than the exemption limit method which his colleagues in the other House put forward. I know he would be opposed to that method because of its obvious traps which I have practically eliminated. There are few taxpayers now caught at the marginal rate – only people aged over 65. That improvement was recommended by many groups and we have succeeded with it. We have different ways of doing things but both of us would agree that the other way was not the better way.

Comments

No comments

Log in or join to post a public comment.