Fine Gael’s investment scheme amounts to a tax break for millionaires, according to Social Democrats finance spokesperson Cian O’Callaghan.
Deputy O’Callaghan said:
“Simon Harris and Fine Gael have shown their true colours as they roll out their latest scheme to allow millionaires dodge tax.
“The rich and their accountants will make hay as they shift their investments around to make the most of this latest Government handout.
“The cost of this tax break could amount to billions over years. But most people will ultimately be paying for these tax cuts and will never see the benefits – the families struggling to put food on the table; the pensioners afraid to turn the heating on; and the young people spending all their money on rent.
“They do not have the luxury of investing thousands into shares. They do not watch their bank balances grow while they sleep. They pay income tax on their hard work and are now expected to subsidise tax breaks for investors.
“Every euro wasted on these tax cuts is a euro that could have been spent helping those that need it most – the child with additional needs without a school place; the young family unable to find an affordable home; and the elderly patient left in pain while on a long hospital waiting list.
“There is a price to be paid for these tax cuts and people who genuinely need help will be picking up the bill.”
March 31, 2026