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pushing for less of an increase in spending and less overreliance on corporation tax. Under these troubled circumstances internationally, a balance has to be struck, with some additional funding spent from the windfall and some put into the reserve. I do not disagree with the Government

about the overall picture. There is only a set amount of revenue. The pharmaceutical industry and IT windfall is not going to last forever so the Government needs a broad tax base, despite what is said by some of the self-appointed leaders. Some of the misogynistic, criminally

That is why. It is not a sustainable economic policy to abolish that tax and increase public spending. We know where that will get us. There are legitimate conversations we can have around windfall receipts and surpluses and around how to deploy them but the Deputy

will affect investment flows if we do not adapt or policies. That is what these tax measures are about. However, the opposition is labelling them as somehow a sort of a windfall for employers, developers or whatever. I wish that Members of the Opposition would engage … July next year, as recommended by the Social Democrats last year, supporting jobs. We are also working to modernise and simplify our tax code to enhance our competitiveness and reduce the burden on businesses. The Government is bringing about a step-change in the approach to infrastructure delivery

energy company is illegitimate. ESB has an enormous programme of infrastructure investment ahead of it, which is essential to the transition. Windfall profits are different. The Government already accepted that principle. In 2023, it introduced a solidarity contribution on exceptional fossil fuel profits … wait, particularly when the ESB reported €445.6 million in pre-tax profit for the first six months of this year, with its chief executive salary being increased to €410,000. This motion proposes using revenue from renewed windfall measures to provide a targeted €400 credit to households earning

introduction of a cost-of-living mini-budget to index income tax bands and credits in 2026, backdated to January just like the others, alongside targeted energy credits and other supports funded by a levy on windfall energy profits and reversing the hospitality VAT cut. It calls

people struggling to pay their bills. Ireland has used a windfall contribution and a market revenue cap before, so there is merit in examining their reintroduction and directing the proceeds towards households. We also cannot ignore the taxes imposed by the State itself. If the Government is serious

Celtic tiger tax break? If not, what has changed between what the Minister said then and announced today and why is this measure not time limited? Where is the sunset clause and why is it not tied to output? This should not be a permanent windfall-gains measure … huge cash subsidies through a variety of schemes. If these cash subsidies have failed to increase construction, why does Government think that this tax break will work

zoning. While the tax measures on zoned land might go some way towards forcing development or ensuring zoned land is developed, what the framework is not doing, ultimately, is addressing the issue outlined by the Kenny report in the 1970s of the speculative, windfall gain from land that

matter of fairness. The Labour Party has been calling for reform of this unfair system for years. We proposed in 2023 that motor tax instalment surcharges be abolished or at least reduced to a purely administrative cost, estimated at less than 1%. The system, as it stands … that the Government stood up to the insurance industry, as my colleague Deputy Nash has called on it to do. We need a windfall levy on excess insurance profits where they exceed normal competitive returns. I also note the Labour Party's support for Sinn Féin's Judicial

public finances based on a set of core principles, which included increasing public sector investment to address infrastructural deficits, including using windfall receipts; building up our long-term savings funds - there used to be a time when everyone in this House wanted to spend the rainy day funds … that would have been imprudent and it is important that we build up those saving funds - running budget surpluses; and maintaining a broad tax base with the postponement of income tax changes in the case of economic headwinds. That is what the programme for Government says in black

investor funds, which were completely prioritised. During the election campaign, they never said that their big idea was going to be a tax-cut giveaway of up to €500 million a year to wealthy developers and funds. Today, the Government's developer VAT cut has been torn apart … Budget Office over a lack of evidence and the fact that developers that have already started building thousands of apartments will get this windfall. This is utterly damning. Billions of euro are going to be given to developers and investors for apartments that are already being built, with

boost the bottom line of large takeaway businesses and the developers. Why not use it as we proposed, to providing an energy income tax credit to working families in draughty homes who are earning less than €80,000 a year? The Labour Party's idea would … renter's credit. These are simple, straightforward and, most importantly, targeted reliefs. We have no difficulty saying we would put a 20% windfall levy on energy companies’ profits and a levy on data centres to pay for them - cost neutral to the State. This is the kind

Instead, we hear report after report of Government spending that is resulting in waste, and people are frustrated at this stage that their tax money is not going in the right direction. I have a theory about this. As proponents of social democracy and as people who believe … concerned about public spending. It has been pushed into a system of increasing public spending over the past decade because of the windfalls we have seen, the public pressure it is under, and the shortfall in those public services. Unfortunately, without that belief in State reach into public

healthcare issues work part-time. They are able to work 20 hours a week or less. They make a contribution and pay tax at a certain level. For such people not to be able to get into this scheme is patently unfair. As other people have mentioned … poorest and most vulnerable. I take on board what the Irish Fiscal Advisory Council said on the need to be mindful of windfall revenues but, to go back to the previous budget, in many ways, it was excessively generous compared with this one. If we had a more

Rebate Scheme, and extended the Fuel Allowance to the end of April; — the Government has also agreed to delay the increase in carbon tax to later in the year, and is introducing support schemes for the transportation and agricultural sectors, in total, these measures represent a significant investment … sustainable approach to overall fiscal policy, ensuring we continue to target budget surpluses over the medium-term, and set aside some of the windfall to prepare for the future; — the MTP supports progress on implementing the key social and economic priorities, while delivering on our commitment to sustainable

coined back in the day during Reagan's time because if a marginal increase in workers' take-home pay is given, from a tax perspective, it is wiped out instantly if they have to pay for private childcare, private healthcare, private assessments of need and private grinds … exporter, something which has huge revenue potential. That is a multi-annual project and we need to get moving on it now, using windfall receipts, borrowing strategically and partnering to increase capacity and cut costs. We need to focus on the annual budget side. Specifically, we have

those profits should return to consumers. The profits are certainly there. Let us consider the ESB, which achieved some €440 million in pre-tax profits this year alone, an increase of €100 million. In the same breath, we learn that the salary of the chief executive … same sky-high price, even though the cost of wind and sun did not change and has not changed. That is the windfall we speak of. That is why we need to move to address it. It is no longer good enough to blame the European Union

straight-up transfer of wealth from the public purse to developer's pockets at a cost of €390 million annually. When other tax cuts for developers are taken into account, this budget is worth more than €500 million to them. It is incredible. Of course, it is more … needs support. Slashing its VAT bill by 4% will boost its profits by millions of euro. Other large chains will enjoy similar windfalls. An entire generation is looking at this budget and wondering if there is a future here for it. What do those people see? They

second tier of child benefit targeted at families living in poverty would deliver an economic and social return that far outweighs the tax breaks we have seen from the Government. The difference is that those dividends would not show up in the balance sheets of Burger King … prison spaces but cannot find the courage to fund early intervention programmes for young people at risk; a Government that celebrates corporate windfalls but ignores the social collapse happening in plain sight in our capital city. There is almost nothing in this budget that deals with early intervention

Bill has nothing to do with security of tenure, renters or balancing the rights of renters and landlords. It is about giving a windfall to institutional investors in this country, namely large corporate landlords. That is what it is about. The Government has bought in - hook, line … This is before the Government's changes come in. When we look at the income of a teacher on €44,000, after taxes, we are talking about in the region of 117% of his or her entire take-home pay to pay rent