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Fianna Fail hypocrisy on property tax

10 October, 2012 - by Pearse Doherty TD

Sinn Féin Finance spokesperson Pearse Doherty has accused Fianna Fail leader Micheal Martin of “hypocrisy” following the launch of the Fianna Fail Wrong Tax Wrong Time campaign against property tax this afternoon. Deputy Doherty said “if Fianna Fail were in government this unfair and damaging tax would have already been introduced.”

Deputy Doherty said:

“Sinn Féin has consistently opposed the introduction of a property tax. It will increase the financial hardship of hundreds of thousands of families. It will push tens of thousands into serious mortgage distress and significantly increase levels of poverty. It will also damage the domestic economy by reducing consumer spending. This will lead to more job losses.

“Fianna Fail leader Micheal Martin has some cheek launching a campaign against the introduction of a property tax in 2013. If his party was in government this tax would have been introduced this year.

“It was a Fianna Fail Government that negotiated the first Memorandum of Understanding with the Troika. That agreement contained a clear commitment to introduce a property tax for budget 2012 as part of a revenue raising package of €1.6bn.

“Fianna Fail’s 2012 pre-budget submission included a proposal for a property tax to raise €120 million.

“Today’s campaign launch is typical of the hypocrisy of Fianna Fail in opposition. They are constantly opposing things they agreed to when in Government and criticising the Government for continuing the failed social and economic policies they they pioneered.

“Micheal Martin has absolutely no credibility when it comes to issues such as the property tax. If he were Taoiseach he would be faithfully implementing the Troika agreement agreed by the cabinet of which he was a part.

“People should not be fooled by this kind of dishonest politics. It has been the hallmark of Fianna Fail for many years and despite all their claims to the contrary is central to their style of politics today.

“There is a better way to solve the state’s economic problems – problems that were created by Micheal Martin and his Fianna Fail colleagues from the last Government. We need to abandon the failed policies of austerity slavishly followed by Fianna Fail, Fine Gael and Labour.” ENDS

Text of December 2010 MoU agreed by Fianna Fail

“The government will provide a draft budget for 2012 aiming to further reduce the genera government deficit in line with the National Recovery Plan and the programme and including the detailed presentation of consolidation measures amounting to at least €3.6bn.
- Revenue measures to yield €1,500m in a full year will be introduced, including:
- A lowering of personal income tax bands and credits.
- A reduction in private pension tax reliefs.
- A reduction in general tax expenditures.
- A property tax.
- A reform of capital gains tax and acquisitions tax.
- An increase in the carbon tax.”

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