Seanad debates

Wednesday, 26 November 2003

Book of Estimates 2004: Statements.

 

My party has played a key role in the formulation of Irish economic policy since returning to Government in 1997. Our policies have worked and nobody denies that. We have moved this country from mass unemployment to full employment. We have virtually eliminated long-term unemployment and we have ended the curse of emigration, which was such a blight for so many years. I will offer some suggestions as to what our economic priorities should be over the next four years. The first requirement is to secure and preserve the prosperity which we have now achieved. It took us a long time to get the monkey of unemployment off our back and it would be a tragedy if we allowed it to return. We have a pro-employment tax system. It took significant effort on our part and on the part of the people to put it there. Our key objective now must be to keep it there. The temptation to raise personal taxes is always present, particularly at a time of slowdown in our economic growth, but it must be resisted. Full employment was a prize worth fighting for and it is worth defending. If we want to do that we must keep taxes down. The low-tax formula works so let us stick with it.

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