John Paul Phelan (Fine Gael)

We have heard these promises before.

The Government has implemented a process of penalising those who leave social welfare and take up work by cutting their rent subsidy from 94% to zero. It has raised taxes of €3.5 billion annually from the housing market, yet it is very difficult for the average young person. I find myself in this category because I do not own a house but I am thinking of buying one. I am paid a lot more than the average 26 year old and I find it difficult to buy a house. I do not know how most of them do it.

In the midst of the backslapping which usually occurs on financial issues in this House, there are serious questions which require answers. While the Government is conducting its review of the different tax relief schemes, I urge the Minister of State to ask the Department to consider the promotion of tax relief for the provision of transport. Tax reliefs have applied in the construction industry in recent years and they have had a significant effect on that industry. It is time they were taken out of that sector because they have become a problem rather than being part of a solution. Tax reliefs should be targeted at transport which is the area of most need.