Text of O'Leary statement  THE following is the text of a statement issued yesterday by the Tanaiste, Mr Michael O'Leary.  1. Labour accepted the responsi-bility of defending the economic independence which involves phasing out the current budged deficit.  2. Labour will pursue its policy of achieving full employment through effective economic planning. The National Development Corporation will be a major contribution in achieving this aim.  3. Labour supports the Budget proposals as endorsed by the Parliamentary Party in Dail Eireann on January 27th. 1982.  Should inflation exceed 20% IN the next 12 months, Labour in government would seek to restore the milk subsidy in the 1983 financial year, Labour accepts that alternative taxation must be imposed to compensate for any LOSS of revenue.  4. Labour in government will seek greater equity in the taxation system, by widening the tax base to secure a reduction in the tax burden of the lower income group.  5. Labour will seek a higher yield from capital taxes in a new government.  6. Labour attaches specific importance to the creation of jobs for young people. The establishment of the youth employment agency was a significant development in this objective.  7. Labour will continue its national and international efforts to seek a just settlement of the conflict m Northern Ireland as outlined in the recent statement by the Socialist group in the European Parliament.  8. Labour will protect the purchasing power of all social welfare recipients by securing increases greater than the rise in inflation This was achieved in the recent Budget.  The problem of poverty, too long ignored by Irish society, must remain a central priority of government. Towards this end an adequately-funded combat poverty agency will be established.  9. Labour will proceed with the introduction of a national pay-related pension plan.  10. Given the urgency attached to the provision of houses for an expanding population, and the way in which the cost of building land affects this, Labour pledges to control the price of building land and will proceed with a tax on windfall profits on land specu-  lation.  11. Labour will participate in an Oireachtas committee dealing with family law reform and will press Labour Party policy on these issues.  12. Labour will continue its traditional defence of Irish neutrality.  13. Labour expresses its solidarity with the needs of the Third World countries and pledges itself to an expanded just System of aid.  14. Labour is committed to a rational plan of production and processing for agriculture directed in particular to the needs of the small farmers. It will seek the imposition of a scheme of rural development.  15. Labour will press (or expansion of health and education services in line with national requirements. consistent with equality of opportunity.  16. Labour will press for equal rights FOR women in all areas OF  LIFE.