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Finance Bill: Economic impact assessment for property speculators but none for ordinary people – Doherty

21 January, 2011 - by Pearse Doherty TD

Responding to the publication of the Finance Bill this evening Sinn Féin Finance Spokesperson Pearse Doherty has said it is clear that wealthy landlords and property developers still have the ear of Fianna Fáil.

Deputy Doherty said:

“Budget 2011 was a savage attack on those on low and average incomes and this Bill to give effect to its measures is no different.

“It is an outrage that the curtailment of property tax reliefs announced in the budget has been deferred while those measures which will have the biggest impact on the least well off will go ahead with immediate effect.

“The deferral of the curtailment of the property tax reliefs shows that landlords and property developers continue to have the ear of Fianna Fáil despite all that has gone on in the last few years.

“The Government argues in this Bill that there must be an economic impact assessment carried out before these reliefs can be curtailed. My question to Government is where is the impact assessment for those on social welfare who have seen their rates cuts? Where is the impact assessment for the low to average income earners who are now taken deeper into the tax net or the public sector workers who are seen as an easy target for this Government?

“Sinn Féin will be opposing this Bill as it gives effect to a budget which seeks to scapegoat ordinary people for the economic incompetence of senior bankers, property developers and politicians.

“We urge other opposition parties to also oppose this Bill.” ENDS

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