Finance Bill passes all stages at the Dail
The margin was close but in the end the finance bill passed through all stages in the Dail.
The legislation made it through by a margin of 81 votes to 76; Fianna Fail managed to secure the 11th hour support of dissident independents Michael Lowry and Jackie Healy Ray.
The Green Party kept their commitment to vote in favour of the legislation from the opposition benches; their 6 TDs’ support was to prove ultimately crucial for Fianna Fail’s minority administration.
The bill now goes to the Seanad for consideration with the Dail on hand Saturday to discuss any issues that might arise in proceedings.
Finance Minister Lenihan introduced late amendments to the Universal Social Charge, Bankers bonuses and early tax filing for the self-employed.
Banks part of the Banking Guarantee will now have future bonuses taxed at 90pc, the USC has been adapted to reduce the upper rate for Medical Card holders and the early tax filing date of the end of September has been dropped for the self-employed.
Independent TDs Michael Lowry and Jackie Healy Ray are thought to have played a part in the alterations of the bill. Aine Kerr of the Irish Independent described independent TDs as “erratic kingmakers” holding the balance of power in an article on Wednesday.
Mr Lenihan told the Dail the Finance...
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