Ironic those Bankers who brought this Country to its knees are now promoting the introduction of a Property Tax – BREEN.

February 4th, 2009 - Pat Breen

Fine Gael’s Deputy Spokesperson on Foreign Affairs and Clare T.D. Pat Breen said today (Tuesday) that it is ironic now that proposals to impose a Property Tax are being promoted by the very Bankers who have been bailed out having brought this Country to its knees by bank rolling their developer friends. Deputy Breen claims that the introduction of a Property Tax on family homes will place an unfair burden on those families who are already struggling to keep up with their monthly mortgage repayments.

“It is ironic now that calls for the introduction of a Property tax are coming from the very Bankers who had to be bailed out having brought this Country to its knees by bank rolling their developer friends.”

“Imposing a property tax on family homes would place an unfair burden on many families who are already struggling to keep up with their monthly mortgage repayments. 38.7% of Householders in County Clare are owner occupied by people who have mortgages (CSO Census 2006) and many of these householders purchased their homes at inflated property prices.”
“Every day more and more people from all walks of life are losing their jobs. A lot of these workers have never been unemployed before, they do not know what to do or where to go for help; unlike the 1980’s many do not even know where their local Social Welfare Office is located and to compound their problems they have to wait several weeks for social welfare payments. The reality is that these families are now finding themselves caught in a poverty trap and they simply cannot afford to have another tax imposed upon them.”“In any event it is premature to be discussing the imposition of a Property Tax when the Commission for Taxation is not due to report until September next.
“There are a lot of other options open to the Government whose mismanagement of our Economy over the past ten years has contributed to this current crisis. Having failed to reach agreement with the Social Partners on these options this morning we just have to wait and see what decisions they will take in the next few days to plug the €2billion shortfall for this year.”