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McGrath, Michael

Tuesday, 10 October 2017

Dáil Éireann Debate
Vol. Nbr.

Budget Statement 2018 (Continued)

I wish to share time equally with Deputy Calleary.More Button

On what is world homeless day, the budget and, more importantly, the Government will be judged by how it tackles the scourge of homelessness and our housing crisis more than by reference to any oth...More Button

During the stalemate which followed last year's election, Fianna Fáil was the only Opposition party to recognise it had a responsibility to ensure the country had a Government. That remains the ...More Button

This is the second budget introduced under the confidence and supply agreement. It is a budget which we, as a party, have sought to influence in the direction of a fairer Ireland. This means pr...More Button

The economy is going well, which we welcome, but there is deep uncertainty about what lies around the corner. There are critical questions on the future. What does Brexit mean for Ireland? Wha...More Button

No doubt, Sinn Féin will shortly launch a blistering attack on the budget and, I hazard a guess, as was the case last year, an even more blistering attack on Fianna Fáil.More Button

They are good at attacking, which is what they do. However, our message to Sinn Féin is a very simple one. It had its chance to influence the Government when it really mattered. The opportunity ...More Button

It is much easier to throw stones from the sidelines rather than to go into the battle and fight one's corner.More Button

Our party welcomes the fact that the economy is doing very well in overall terms. GDP growth was 5.2% last year, will ease to around 4.3% this year and is forecast to soften further to a still h...More Button

The principal revenue-raising measure in the budget is the increase in commercial stamp duty to 6%. In view of where the economy is at and the use to which the proceeds are being put, we support...More Button

However, there are a number of cautionary notes to be struck as there is a potential fault line in the budget numbers on this issue. Commercial stamp duty is, ultimately, a tax on property transac...More Button

Servicing the mortgage on their home is the largest outgoing in the monthly budget of many individuals and families. There are more than 732,000 principal dwelling house mortgages in Ireland tod...More Button

The Government's mortgage-to-rent scheme has been an absolute failure up to now with fewer than 300 cases successfully completed. When this is contrasted with the fact that more than 32,000 fami...More Button

Our party stands on the side of thousands of mortgage holders who were denied their contractual right to a tracker mortgage rate. Many of them have been treated disgracefully by their lender. T...More Button

With such a tight fiscal space for 2018, income tax measures were always going to be relatively modest in this budget. While others believe that income taxes should remain untouched, Fianna Fáil...More Button

Looking at the bigger picture, workers and pensioners are paying much more income tax than they were previously. For example, in 2007, a total of 2.156 million workers paid €13.6 billion in inc...More Button

Fianna Fáil welcomes the increase in the earned income tax credit, which will impact close to 150,000 self-employed workers. It still does not equal that of a PAYE worker but it is a move in the...More Button

We must recognise the tireless work carers provide for their loved ones and I welcome the increase in the home carer tax credit, which will benefit approximately 81,000 households. Many home car...More Button

As a country, according to the White Paper published last Friday night, the Exchequer expects to collect just under €8 billion in corporation tax receipts this year, representing approximately 15...More Button

This is apart altogether from the employment taxes paid by, and on behalf of, the 200,000 people employed by foreign owned companies in Ireland, not to mention the indirect taxes and indirect jobs ...More Button

Last week's announcement by the European Commission that it has referred Ireland to the European Court of Justice for failing to collect between €13 billion and €15 billion from Apple could not h...More Button

There is now a concerted effort in Europe to overhaul corporation tax and Ireland must stand resolute in defence of its regime, including the 12.5% rate. There has been a revival of the common c...More Button

There can be no doubt that Brexit represents a major challenge to Ireland and its economy. The euro-sterling exchange rate is volatile. Today, the euro is trading at approximately 89p sterling,...More Button

The risk of a hard Brexit should not be underestimated. If the trading relationship between the EU and the UK resorts to World Trade Organization terms of trade it will be nothing short of a dis...More Button

Last year, during the passage of the Finance Bill, Fianna Fáil secured a commitment from the Minister's predecessor that an independent impact assessment of the help-to-buy scheme would be carrie...More Button

The housing crisis is first and foremost a human tragedy but it is also a major problem for our economy. We are all aware of the rate of increase in house prices and, indeed, the rate of increas...More Button

A noteworthy gap and deficit with regard to housing is the lack of any move on a national affordable housing scheme. A growing number of people are not eligible to get any support for rent as th...More Button

My party has consistently been raising cost of living issues and the costs faced by families. We welcome some of the progress on the drugs payment scheme, the prescription costs and so forth. W...More Button

Motor insurance premiums continue to be a significant issue in the context of household budgets. The Fianna Fáil Party will hold the Government to account for the implementation of the recommend...More Button

In welcoming the reduction in deposit interest retention tax, DIRT, we express disappointment that the link with the exit tax rate on other comparable savings and investment products, particularl...More Button

The Fianna Fáil Party welcomes the sugar tax. If successful, the tax will not bring in a large amount of money because companies will change the types of products they are introducing and consum...More Button

I very much welcome that the Government will make a start on a VAT compensation scheme for charities. My party has consistently raised this issue and I have raised it with the Minister in discus...More Button

On farming, Fianna Fáil is disappointed that there are no measures in the budget to deal with income volatility in respect of income averaging. A number of proposals were made to the Minister on...More Button

While I welcome the measures relating to electric vehicles, our overall performance in this area is simply not good enough. Much greater ambition is needed from the Government on the climate cha...More Button

Fianna Fáil supports the increase in the minimum wage, as recommended by the Low Pay Commission. For those earning the minimum wage, it is particularly important that cost-of-living issues are t...More Button

There has been one important reform of the budgetary process since last year's budget. The Oireachtas now has an independent parliamentary budget office. While the office had only a limited rol...More Button

As a party, Fianna Fáil has conducted its negotiations on the budget in a professional and businesslike manner, without drama or histrionics. Our sole focus at all times has been to secure progr...More Button

EU Issues

Asked the Minister for Finance: the action he is taking at EU level to promote the need for persons living in one EU Member State to be allowed to purchase financial services products such as home loans and business loans from fi...More Button

Retail Sector

Asked the Minister for Finance: the percentage of transactions in retail outlets across the country in which persons pay with a debit or credit card; the arrangements in relation to the transaction fees that apply to the retailer...More Button

Banking Sector

Asked the Minister for Finance: the legacy losses outstanding from a tax perspective in banks (details supplied); the length of time into the future these losses can be carried forward to reduce tax; if an analysis has been carri...More Button

Tax Code

Asked the Minister for Finance: the steps his Department and the Revenue Commissioners have taken in order to be prepared for the introduction of a sugar tax in 2018; and if he will make a statement on the matter.More Button

Tax Reliefs Data

Asked the Minister for Finance: the level of uptake to date on the improved CGT entrepreneur relief introduced in Budget 2017; and if he will make a statement on the matter. More Button

Small and Medium Enterprises Supports

Asked the Minister for Finance: if he has received the approval of the European Commission for the introduction of a share based incentive scheme; and if he will make a statement on the matter.More Button

Budget 2017

Asked the Minister for Finance: the work that has been done since the announcement in budget 2017 on the possible introduction of a VAT compensation scheme for registered charities; and if he will make a statement on the matter.More Button

Excise Duties Yield

Asked the Minister for Finance: the excise duty on tobacco products collected in each of the years 2014 to 2016; the estimated amounted to be collected in 2017; and if he will make a statement on the matter.More Button

Help-To-Buy Scheme Data

Asked the Minister for Finance: the number of approved applications under the help-to-buy scheme to date in 2017; the estimated cost of the scheme in 2017; and if he will make a statement on the matter.More Button

Budget Measures

Asked the Minister for Finance: the estimated amount to be collected in 2017 from the compliance measures specified in the summary of budget measures 2017; and if he will make a statement on the matter.More Button

Central Bank of Ireland

Asked the Minister for Finance: the cost of regulation in the Central Bank per year in the past five years; the portion of these costs obtained from levies on financial institutions; his plans for the funding model for regulation...More Button

NAMA Social Housing Provision

Asked the Minister for Finance: if he has received approval from the European Commission to reform NAMA in order to allow it to develop social and affordable housing on State-owned land; and if he will make a statement on the mat...More Button

Excessive Deficit Procedure Implementation

Asked the Minister for Finance: the State's final structural deficit in percentage terms in 2016; and if he expects changes at this point.More Button

Public Sector Pay

Asked the Minister for Public Expenditure and Reform: what pay rises public servants are due to receive under the Lansdowne Road agreement and its recently agreed successor, by salary bands and dates; and if he will make a statement on the matter. More Button

Special Educational Needs

Asked the Minister for Education and Skills: if he will address a matter raised in correspondence by a secondary school (details supplied) in County Cork in relation to special needs supports; and if he will make a statement on the matter.More Button

Probate Applications

Asked the Minister for Justice and Equality: the number of cases of probate sales in the system; the expected waiting time; and if he will make a statement on the matter.More Button

Commencement of Legislation

Asked the Minister for Employment Affairs and Social Protection: if all sections of the Civil Registration (Amendment) Act 2014 are now in force; and if she will make a statement on the matter.More Button

National Planning Framework

Asked the Minister for Housing, Planning and Local Government: the population and demographic projections for the next 20 years underpinning the approach to the national planning framework: Ireland 2040 - Our Plan; and if he will make a statement on the matter. More Button

Mortgage to Rent Scheme

Asked the Minister for Housing, Planning and Local Government: the changes that have been made in 2017 to the mortgage-to-rent scheme; his plans to further modify the scheme; and if he will make a statement on the matter. More Button