Results 341-360 of 1,065,831 for in 'Dáil debates' OR in 'Committee meetings' (speaker:Mick Barry OR speaker:Simon Harris OR speaker:Jennifer Whitmore OR speaker:Bríd Smith OR speaker:Michael McGrath OR speaker:Mary Lou McDonald OR speaker:Pa Daly OR speaker:Brendan Howlin OR speaker:Denise Mitchell OR speaker:Michael Lowry OR speaker:Paul Donnelly)
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
NEW SECTION
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Seán Ó Fearghaíl: Amendments Nos. 2 to 4, inclusive, are related and may be discussed together by agreement. Is that agreed? Agreed.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Mattie McGrath: I move amendment No. 2: Report on abolition and replacement of universal social charge 3. (1) The Minister shall, within three months of the passing of this Act, produce a report on abolishing the universal social charge for all those who earn less than €70,000 per year. (2) The Minister shall, within three months of the passing of this Act, produce a report on abolishing the...
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Mattie McGrath: I agree. The public who are watching, if they are watching, see these funny arguments between Fianna Fáil and Sinn Féin, but the real thing is that the Government promised that it would abolish the universal social charge. Abolish means finito, gone, not tinkering around with the bands and raising them a bit and everything else. The Minister's party made the promise in its...
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Danny Healy-Rae: We welcome that the Minister came to Killarney last weekend and took a few pictures. He was very select about where he went. I was disappointed that he did not go to meet the business people of the town-----
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Jack Chambers: We went to the chamber of commerce.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Danny Healy-Rae: -----who are very disgruntled and out of sorts because of the Government's failure to reduce the VAT rate from 13.5% to 9%. It had all kinds of money to do just that and it would rather spend it here on bicycle sheds and huts and what have you and the children's hospital where it has no control in the world over where the money is going. There is no account whatsoever of when it will be...
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Seán Ó Fearghaíl: Does anyone else want to speak on this before we go to the Minister? No.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Jack Chambers: Deputy McGrath asked about the previous manifesto. To be clear, we said the USC would be reduced from 4.5% to 3.5%. We reduced it from 4.5% to 3%, so we actually went further than we set out in the manifesto in 2020.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Mattie McGrath: Fianna Fáil said it would abolish it
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Paul Murphy: No, that was Fine Gael
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Mattie McGrath: They are all the same.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Paul Murphy: I know they are.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Jack Chambers: That is to be factual in reply to Deputy McGrath's question. On Deputy Doherty's question, I have set out my perspective on the three changes we have made around personal tax credits, USC and the standard rate. Even if we were to use the median, the CSO figures published today show it is €43,000 for 2023. It is likely to be higher in 2024 and higher again in 2025, so many of the...
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Mattie McGrath: What happened to Fianna Fáil's promise before the last election that it was going to abolish the USC? Its members will go out canvassing on the doors again and make more promises. What credibility do they think they can have with people? Fianna Fáil and other parties promised they would abolish it. I remember when it was, to quote the late Albert Reynolds, "a temporary little...
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Pearse Doherty: What is the Minister's view of middle income? He talked about middle-income workers and all the rest. Will he clarify to the House his definition of "middle income"? Does he use CSO data for example, which tells us that the median income in 2023 was €43,221? I am sure people would accept that definition of "middle income". However, as the CSO tells us, that excludes everybody who...
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Jack Chambers: When you take the progressivity of all these measures, the effective tax rate of someone on €25,000 has gone from 12.5% to 9.4% in five years. That is a low-income worker. Someone on €35,000 has gone from 17.1% to 14.4%. Someone on €40,000 has gone from 20.9% to 16%. Someone on €50,000 has gone from 26.4% to 20.6%. I can go on. It demonstrates the...
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Pearse Doherty: I have two questions. The Minister talks about his tax package. I will answer the question he put to me. I would introduce a tax package that is fair. If I get the opportunity to sit where he is, as Minister for Finance, I will abolish the USC for average workers across the State. I will ensure that average workers never pay a tax introduced at that time by Fianna Fáil. I will...
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Jack Chambers: As the Deputy knows, the committee of which he is a member agreed to postpone the specific hearing on that to get legal advice. Everyone agrees there is a need to take action in the context of the FSPO and the amendment that is required and the Government has said that. That is why, what I have set out in the context of the CCMA, is the overall consumer protection code-----
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Pearse Doherty: They do not have the same protection.