Seanad debates

Friday, 28 January 2011

Finance Bill 2011: Second Stage

 

2:00 pm

Photo of Fiona O'MalleyFiona O'Malley (Independent)

I am sure the people of Dublin Central will, in their wisdom, choose him. I hope they will because the Senator has always contributed a great deal. I was prompted to say that even before he had indicated that he did not intend to return to the House.

Previous speakers, particularly Senator Boyle, repeatedly referred to higher taxation and stated we taxed too little and we spent too much. They are throwing the baby out with the bath water. I am glad to have been present for Senator Donohoe's contribution. In the 1980s, the Government taxed too much and people were crippled. When an appropriate level of taxation is levied, people will pay it and the black economy will be closed off and that is why we have to keep our taxation levels low. The important corollary to this, as Senator Donohoe said, is to control spending. Senator Boyle outlined how spending went out of control when plenty of money was available. One probably makes better decisions when money is tight. I am glad that I am not the only Oireachtas Member, following the demise of the Progressive Democrats, who believes in a low tax economy and who does not think low taxation was the cause of all our problems. It was not the only cause. Of equal significance was that spending was allowed to get out of control.

The insistence of the Government that the Bill should be passed is an act of extraordinary political generosity. There is nothing in it for Fianna Fáil to have tidied up this Bill. Earlier on the Order of Business, Opposition Members attacked Government Members about measures in the Bill. This is only indicative of what will happen on the streets and on doorsteps, which is most unfortunate. That is why I wish Senator Donohoe good luck. He is a man of measure and I admire that about him. He is not an opportunist. The three major political parties know it is important to pass the Bill. Fianna Fáil could have walked away from this and decided that because the party would not be in the next Government, the Opposition parties could sort out this mess.

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