Mark Daly (Fianna Fail) | Oireachtas source

I will conclude. One can also use the income method. We all know that rents have fallen in many areas and would not come near covering the mortgage or giving a return to any owner, given all the taxes and charges they have on board. The ultimate issue is that it is the worst possible time to be bringing in a property tax. Bill Clinton told us that we must solve our mortgage issue and we have not done that. Until we do, our economy will continue to contract. Bringing in a property tax now is the worst possible move. It will not solve any problems. It will just create more problems.