This bill is to lift the burden off families: Adams
Speaking tonight on his party’s bill to repeal the local property tax, Sinn Féin president, Gerry Adams TD said:
“The Finance (Local Property Tax Repeal) Bill is about lifting the burden of this unfair family home tax off families and households and replacing it with alternative measures to raise taxes, including a wealth tax.
“It is about undoing one of many bad policy decisions taken by Fine Gael and Labour in the last two years.
“Tá cuntas an rialtas on tréimhse seo uafasach.
“Fine Gael and Labour were elected to undo the damage of Fianna Fáil but have chosen instead to implement Fianna Fáil policies.
“The government’s austerity policies are driving up poverty and disadvantage.
“This week the cuts to respite care will hit 77,000 of our most vulnerable citizens.
“There are alternative measures that the government could have taken, including the introduction of a wealth tax on all property, liquid and assets, above a certain net wealth.
“Sinn Féin’s proposal is to levy a one per cent wealth tax on all net wealth over €1 million with certain exclusions.
“Because it is based on net wealth, it takes into account mortgages and loans.
“Because it has a high value, it protects struggling families.
“So Fine Gael and Labour had a choice.
“They could have opted to take more from those who can afford it.
“Instead, Labour and Fine Gael chose to inflict more pain on struggling families.
“Supporting this Bill is the only way to defeat the tax on the Family home and I commend it to the Dáil.”