Seanad debates

Tuesday, 13 July 2010

Social Welfare (Miscellaneous Provisions) Bill 2010: Committee and Remaining Stages

 

4:00 pm

Photo of Michael McCarthyMichael McCarthy (Labour)

I move amendment No. 2:

In page 6, before section 3, but in Part 2, to insert the following new section:

3.—The Minister shall as soon as may be after the passing of this Act prepare and lay before both Houses of the Oireachtas a report on the potential yield of each of the following revenue raising measures:

(a) requiring insurance companies to compensate the Minister for illness or disability payments where they have admitted liability and where the value of social welfare entitlements are deducted from the gross claim settlement;

(b) changing Charge PRSI on rental income on PRSI classes A, B, C, D, E, H & S;

(c) applying PRSI to capital gains on PRSI classes A, B, C, D, E, H & S;

(d) applying PRSI to share based remuneration and share options on PRSI classes A, B, C, D, E, H & S;

(e) withholding payment of Mortgage Interest Supplement until proof is provided that a bank has declined a payment-free period, an interest-free period, a partial write-off, an extension of the term, or any other reduction in the cost of the mortgage to the mortgage-holder and use the saving to improve the means-test for Mortgage Interest Supplement and modernise the rules including the deletion of the "30 hour rule".

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