Sinn Féin TD for Meath East Darren O’Rourke is calling on the Government to introduce a windfall tax on the excess profits of energy companies, with the proceeds used to support households facing high energy bills.
Deputy O’Rourke says the Government can no longer point to the EU as a reason for delaying action, following comments from the EU Commissioner for Climate and Taxation that individual member states can introduce their own measures.
Sinn Féin is calling for a 75% tax on excess energy profits, with the money raised returned to households through a new energy credit. Deputy O’Rourke says families are continuing to face rising electricity and gas bills while energy companies make significant profits.
Deputy Darren O’Rourke joined us on The Agenda this morning to discuss the proposal and what he wants to see in next week’s Budget.
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