Aideen Hayden (Labour) | Oireachtas source

-----is largely down to the mismanagement of the economy by the previous Fianna Fáil Government.

In spite of commentary to the contrary, we have a highly progressive income tax system, with a tax wedge for those in receipt of 160% of the average wage in comparison with those who are on 60% less than the average wage, placing us second highest in the OECD in this regard, and this budget ensures that it is more progressive. The Irish tax and welfare systems have been highly effective in reducing inequality during the crisis. A recent OECD report pointed out that Ireland, in comparison with France, for example, reduced inequality during the crisis, which is some achievement. We are a more equal society now than we were at the beginning of the crisis.

The Finance Bill before the House today is one element of a package of measures designed to secure the recovery of this economy. The Social Welfare and Pensions Bill, which is currently before the House, contains a package of measures to support families and restore some of the unavoidable cuts made necessary by the mismanagement of this economy by other Governments during the worst years of the recession.