Results 681-700 of 1,065,788 for in 'Dáil debates' OR (speaker:Ciarán Cuffe OR speaker:Michael McGrath OR speaker:John Brady OR speaker:Frank Feighan OR speaker:Paul Donnelly OR speaker:Simon Harris OR speaker:Neale Richmond OR speaker:Danny Healy-Rae OR speaker:Damien English OR speaker:Joe O'Brien OR speaker:Louise O'Reilly OR speaker:Michael Collins OR speaker:Paul McAuliffe) in 'Committee meetings'
- 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.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Jack Chambers: -----and what we have said is that the legislation is waiting for a date from the committee.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Pearse Doherty: No, the Minister said they had the same protection and he should withdraw that comment.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Jack Chambers: I have set out the context on the CCMA, which is factually correct.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Pearse Doherty: It is not.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Jack Chambers: On the CCMA, it is correct.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Pearse Doherty: The Minister made a point and I am telling him now that those who have gone to the Financial Services and Pensions Ombudsman have not done so for the good of their health. These are people who are in financial distress. He has stood there and said they have the same protection. He knows fine well they do not have the same protection because there is a major flaw with the legislation that...
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Jack Chambers: I referenced the FSPO in the context of the appeal procedure and the fact they must inform borrowers of their right to refer the matter to them. That is the context in which I set out my remarks relating to the code of conduct and mortgage arrears. I have also set out that we agreed with the committee on the need to have an amendment and that was subject to legal advice. There was...
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Pearse Doherty: That is not the comment. That was not his comment.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Jack Chambers: That was my reference-----
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Pearse Doherty: His comments were that the protections travelled with them. They are the comments that gave the green light to the vulture funds to sweep in and buy up these loans.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Jack Chambers: For reference, I can set out what I stated, which related to the CCMA and the appeals procedure relating to it when it comes to borrowers referring the matter to them. We are on the record as saying what is required in the context of the amendment before the committee, where there is cross-party support for that.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Pearse Doherty: The Minister is also on the record as misleading the Dáil.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Catherine Connolly: The amendment has been formally moved. Is there anybody here to press that amendment? No, so the amendment falls.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Amendment, by leave, withdrawn.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Section 1 agreed to.