Fianna fail have budget proposal

NewDirection

http://www.fiannafail.ie/news/entry/7598/

· 224,000 to be exempt from universal social charge while increasing rate for those earning €115,000
· Greater pension reductions for retired public servants, politicians
· No VAT increase
· €250m more for capital expenditure in 2012 for labour intensive projects
· Scrap private pension levy in favour of €5.6 billion investment stimulus
· Accelerated implementation of Croke Park savings
· Establishment of an Economic Advisory Council
· Double the budget for County and City Enterprise Boards
· Complete the review of bankers’ pay in guaranteed banks
· 20,000 extra local employment scheme places

Can anyone explain to me how they came to €3.8billion worth of cuts from the proposal above?

NIMAN

You can guarantee that if they were in power they wouldn't do anything like this.

Easy to chat when in opposition. And of course the current Gov are only having to cause pain for us all because of FF and the mess they created.

antoobrien

NewDirection wrote: »

http://www.fiannafail.ie/news/entry/7598/

· 224,000 to be exempt from universal social charge while increasing rate for those earning €115,000
· Greater pension reductions for retired public servants, politicians
· No VAT increase
· €250m more for capital expenditure in 2012 for labour intensive projects
· Scrap private pension levy in favour of €5.6 billion investment stimulus
· Accelerated implementation of Croke Park savings
· Re-Establishment of the Galway tent
· Double the budget for County and City Enterprise Boards
· Complete the review of bankers’ pay in guaranteed banks
· 20,000 extra local employment scheme places

Can anyone explain to me how they came to €3.8billion worth of cuts from the proposal above?

Little bit if fun with the post there.

On a serious note, it's hard to see anything that raises serious revenue in there and very few cuts.

Unless they think that CPA can actually deliver it all.

raymon

This is an insult from these traitors to be honest

After handing over our economic sovereignty they are now trying to pretend they have the answer

patwicklow

Id take more notice if it was drawn up the the kids in infant class
FF who are they??

Nody

NewDirection wrote: »

http://www.fiannafail.ie/news/entry/7598/



Can anyone explain to me how they came to €3.8billion worth of cuts from the proposal above?

Maybe they are counting along the lines of SFs 100k job idea that the stimilus will drive a ton of additional income tax in secondary/tertiary waves (i.e. person building a school buys food at the local spar who buys in more irish chicken etc.)? That and claiming crook park will deliver more savings faster (I'll start with seeing any actual savings myself instead of the guesses and book keeping excercises published so far but meh) I guess is how they add it all up.

Only guessing mind you.

c montgomery

So basically their saying that out of government their in favour of doing all the things that they refused to do when they were in government.

What do they take us for?:cool:

BOHSBOHS

3.6 billion from down the back of the other couch in the Dept of Finance??:D
0.2 billion possible winnings from the 4.15 race at punchestown

gpjordanf1

Fianna FAIL should be banned from making any public statements.

After listening to the Cork prick on The Late Late show, I nearly threw up. Talk about in denialv.Still couldn't or wouldn't take responsibility for the mess they left. He was and still is a disgrace like all Fianna Fail, politicans, councillors and followers. Let us never forget what they done to every family in this country!

liammur

NewDirection wrote: »

http://www.fiannafail.ie/news/entry/7598/



Can anyone explain to me how they came to €3.8billion worth of cuts from the proposal above?

I sincerely hope no one is taking anything FF say about the economy seriously.

Benny_Cake

If their budget proposal comes with a blueprint for a time machine attached - I'm interested. Otherwise, I don't much care what they have to say, now or ever again.

doc_17

Pity they didn't have any great ideas when they were in power

MysticalRain

That's the equivalent of an arsonist giving helpful suggestions on how to put out the raging fire he started.

Jippohead

Hahaha, FF are hilarious. I'm loving the abuse these clowns are rightly still getting.

Boskowski

NewDirection wrote: »

Can anyone explain to me how they came to €3.8billion worth of cuts from the proposal above?

This one?

· Greater pension reductions for retired public servants, politicians

Atlantic Dawn

Good to see them still in the pockets of the publicans...

The party is proposing a 5% levy on alcohol sold in off-licences

http://budget.breakingnews.ie/news/ff-announces-pre-budget-submission-530390.html

raymon

Just more Treasonomics from FF

K-9

NIMAN wrote: »

You can guarantee that if they were in power they wouldn't do anything like this.

Easy to chat when in opposition. And of course the current Gov are only having to cause pain for us all because of FF and the mess they created.

The more things change...............................

waitingforBB

I'm no Fianna Fail supporter but would be a much more informed debate if people read the proposals and comment as opposed to instantly going down the 'they ruined the country, everything they say is rubbish' line...

I've read the full proposal and it does account to 3.8 billion, so read it before flaming. Not saying that I agree with a lot of it, but its there so stop the back of the couch crap..

The one thing that I see as positive is the acknowledgment that there is a problem with lenders forcing massive mortgage SVRs on customers. They didnt push this when in power (as with a lot of other things) but at least its highlighted and raised for debate.

The Scientician

When I was a kid I took comfort from fairy stories too.

meglome

NewDirection wrote: »

http://www.fiannafail.ie/news/entry/7598/

Can anyone explain to me how they came to €3.8billion worth of cuts from the proposal above?

Fianna Fail promising to give away stuff, I refuse to believe it.

raymon

waitingforBB wrote: »

I'm no Fianna Fail supporter but would be a much more informed debate if people read the proposals and comment as opposed to instantly going down the 'they ruined the country, everything they say is rubbish' line...

I've read the full proposal and it does account to 3.8 billion, so read it before flaming. Not saying that I agree with a lot of it, but its there so stop the back of the couch crap..

The one thing that I see as positive is the acknowledgment that there is a problem with lenders forcing massive mortgage SVRs on customers. They didnt push this when in power (as with a lot of other things) but at least its highlighted and raised for debate.

You can't just say that it accounts for 3.8 billion. Please outline why you think it does. Please provide examples

Most of the proposals in the doc are unworkable populist nonsense.

ressem

Pages 33 and 34 of the document outlines their estimates and the amounts they guess they will generate.
http://www.scribd.com/doc/74274056/FF-Pre-Budget-Proposals

Taxation Measure|€ million
Reduce the annual earnings limit (along with age-related percentage limits) formaximum tax  relievable contributions for pension purposes from 115,000 to 80,000|95
Equalise duty for agricultural and motor fuel with rebate system for  approvedusers|160
Ban below cost selling of alcohol|20
5% Levy on off license sales|100
Increase USC by 2% for incomes over 115,000|65
Increase the carbon tax to 20 per tonne of CO2|100
Increase motor tax by average 5%|50
Tax on high sugar contents food and drink|20
100 household charge|120
Reduce the CAT thresholds by 10%|17
Increase CAT rate to 30% (from 25%)|55
Increase CGT rate to 30% (from 25%)|83
Increase the excise duty on wine by 50c per bottle|35
Increase the excise duty on cigarettes by 10c per pack|17
Raise DIRT tax from 27% to 30%|50
Phase out rent relief over two years|40
Full year impact of measures announced in Budget 2011|600
Total|1,627

Increase threshold for universal social charge to 8,000|(25)
Net Taxation Measures|1,602



Expenditure Changes|€ million
Accelerated implementation of Croke Park Agreement |500
Increased control measures within Social Protection Department|200
Intensify labour force activation measures |200
Full year impact of changes to Household benefits package announced by Minister Burton in 2011|47
Changes to Rental Schemes|50
Lower Exchequer contribution to Local Government Fund (Local authoritiesto recoup through implementation of McLaughlin report)|200
End off the road facility for motor tax |25
Rationalisation of State Boards and agencies as announced by MinisterHowlin|20
Savings to Social Insurance Fund from closing PRSI exemptions / loopholes  |170
Increased use of Generic drugs |50
Departmental Non Pay Savings  | 295
Total Current expenditure reduction | 1,757
Additional places on local employment schemes  |(20)
National community job creation initiative  |(10)
Increase budget for City and County Enterprise Boards|(25)
Reduction in capital expenditure|500

Net Expenditure Reductions|2,202

raymon

You don't have to go far down the list to see that this is nonsense.

"Accelerated implementation of the croke park agreement " will save 500 million.

What a crowd of clowns FF are ......

The Croke Park agreement should be ripped up

McTigs

MysticalRain wrote: »

That's the equivalent of an arsonist giving helpful suggestions on how to put out the raging fire he started.

or the drunk guy who pisses on your carpet and comes back the next day to tell you your cleaning it up all wrong*

*not mine, heard it somewhere else