Sinn Féin President Gerry Adams TD speaking in the Dáil this morning in the Budget debate outlined Sinn Féin’s opposition to the family home tax and put the Taoiseach “on notice that from today Sinn Féin will be actively campaigning to resist the introduction of this unfair tax on the family home.
It is not yet law. It can be stopped.”
Deputy Adams said:
“The truth is that this budget disproportionately targets hard pressed families and will slash frontline services.
“This Budget will undermine any possibility of growth in the economy.
“Hundreds of thousands of families have been hit by a family home tax, more PRSI payments, cuts to child benefit, hikes in college registration fees and increases in motor tax.
“Taoiseach, Sinn Féin is opposed to the government’s tax on the family home.
You call it a property tax– But it is a tax on the family home, full stop.
“It is clear that the government is prepared to use all means to take this tax from struggling families.
“It is unacceptable. It must be stopped.
“Many families up and down the country will not be able to pay it.
So, Taoiseach let me put you on notice that from today Sinn Féin will be actively campaigning to resist the introduction of this unfair tax on the family home.
It is not yet law. It can be stopped.
Sinn Féin has an alternative that is fair.
A wealth tax – that is levied on the property of the wealthy.
The so-called mansions tax is little more than a gimmick and a poor one at that.
The government had the option of a real wealth tax and chose not to take it.
Instead you chose to impose a punitive tax on the family home.
Sinn Féin is calling on every citizen to make a stand and resist the imposition of this unfair home tax.
I believe there is time to get the government to reverse this decision.
This home tax is the brainchild of Fianna Fáil.
If the government is allowed to legislate for it, then it will be the tipping point for many families across the state.
The limits imposed for those allowed a deferral are pitiful.
A deferral of tax is not an exemption and the fact that you plan to charge 4% interest on deferrals will only add insult to injury for hard pressed homeowners.
While I welcome the three-year property tax exemption for first-time buyers the fact is that the thousands of people in severe mortgage distress will have to pay this Family Home Tax.
Taoiseach, the Government is continuing to place the burden on low and middle income families, on the coping classes and the working poor.
It isn’t fair and Sinn Féin will oppose you.”