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Morgan calls on Green Party and Fianna Fáil backbenchers to reject Finance Bill

12 May, 2009

Sinn Féin Finance Spokesperson Arthur Morgan TD has described the Finance Bill as a testament to the Government’s failures. He said Sinn Féin will not support the Bill and called on Green Party TDs and Fianna Fáil Backbenchers to have the courage to reject it.

Speaking this morning as TDs prepared to debate the Finance Bill in the Dáil this afternoon Deputy Morgan said, "This Finance Bill will implement the savage cuts announced by Brian Lenihan in last month’s emergency budget.

"Today’ announcement by AIB of a €4 billion gaping hole in their accounts is just the last instalment in a roll call of corporate executive management failure. We need to move at the very least to short term nationalisation and get banks back to work rather than this merry go round of failure followed by even greater failure.

"This bill shows that the taxpayer is carrying the can for all of these failures, every time we buy something, through higher VAT we pay for that failure and now with airport charges, and higher tax levies we pay the price every day we go to work, yet the government is not doing enough to save the jobs of workers it is taxing more and more.

"Sinn Féin will not support a Bill which seeks to target low and middle income earners to pay for the economic recession.

"We believe that this Bill can be defeated and I will be calling on Green Party TDs and Fianna Fáil backbenchers to have the courage to vote against it. Given the Government’s slender majority in the Dáil the Green Party has a responsibility to hold their Fianna Fáil partners to account." ENDS

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