Seanad debates

Tuesday, 3 July 2007

Finance (No. 2) Bill 2007: Committee Stage

 

5:00 pm

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)

It was so complicated and inequitable that it offered relief of €40,000, €50,000 and higher to people buying houses of €1 million or more. The better-off the house buyer the better he or she did. The Labour Party backed it up. I pointed out to Deputy Rabbitte that the Opposition parties did not know when they were going to implement it, so before Deputy Bruton got from the drawing board to dealing with the practicality of it Deputy Rabbitte then decided he would have it done before coming back from the Áras, such was the flight of fantasy. The Deputy had a panic attack because his whole budgetary framework went out the door. He thought that money would be found in the bottom drawer of a desk in the Department of Finance to finance it.

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