Michael D'Arcy (Fine Gael) | Oireachtas source

If the current rate of inflation continues into next year, we will go over the 100% mark, equating to a doubling in a five year period. The costs are doubling and the tax break is available which is why we are moving from hundreds of millions to a figure of €1 billion by 2016. The people on the other side of the House who are criticising the Government for bringing in the types of budgets we have introduced in recent years will also be decrying the continuation of these types of tax breaks. When costs go beyond a point that is reasonable, we must do something. That is why we are here.