Pending Local Property Tax increases are an inevitable result of its flawed design - Pearse Doherty TD
Sinn Féin Finance Spokesperson Pearse Doherty TD has said the announcement of a review of the Local Property Tax shows a government that is running scared of its own policies. He added that the pending increases are an inevitable result of the design flaws of the property tax.
Deputy Doherty said:
“Before the last election Fine Gael cynically delayed the increases due as property prices increased.
"Now, facing into even higher jumps, they are flapping around looking for a way to reduce the tax impact of their own policies on families. For many families it is simply a tax on debt and on mortgages they can’t even afford.
"When Fine Gael were trying to introduce this tax I pointed out that because it was being introduced at the lowest point in the price cycle it would lead to dramatic increases at revaluation points.
"All analysis points to a shock increase for families across the State.
"Now Fine Gael, Fianna Fail and others are running scared of their own policy and looking for a way out.
"Sinn Féin are opposed to the Property Tax and would scrap it. It is a failed tax.
"Rather than tweaking the failed tax Sinn Féin want it abolished. This would provide a tax break for hard pressed families."