Seanad debates

Tuesday, 26 November 2019

Finance Bill 2019: Second Stage

 

2:30 pm

Photo of Michael D'ArcyMichael D'Arcy (Wexford, Fine Gael) | Oireachtas source

I was just about to say the same. I was given out to for speaking for 45 minutes that night. We will have further discussion on specific provisions in the Bill on Committee and Report Stages. For those Members who had questions that are outside the scope of the Bill, I will try to get back to them with responses.

I have never pretended that everything is 100% right. It is rarely the case that one achieves such a level. However, those who are saying that everything is wrong are not correct. I say this to the Sinn Féin Members, in particular. We have a very good country, which has come through a difficult decade. We have made more and quicker progress than could have been expected. Nobody would have believed ten years ago that we would be back to where we are now, with 2.3 million people in work. We have achieved that while also seeking to reduce the taxation burden on the average worker. Some Members only want to talk about SARP and some seem confused about KEEP. The objective of these initiatives is to get people back to work and allow them to earn more money and pay less tax. Senator McDowell referred to the potential that was realised by the former Minister, Mr. McCreevy, in the 1990s. We all want to achieve the objective of generating sufficient revenues to fund the €60 billion or so in current expenditure. We spend that money reasonably wisely, but not perfectly, across the various Departments. Perfection is something one strives towards but does not usually achieve. However, what we have achieved is pretty damn good in the context of where we have come from versus where we are today. I look forward to further debate on the Bill on Committee Stage.

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