Finance Minister makes promising Budget pledge after defending Ireland's most 'hated' tax | JOE.ie

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'We will be reducing the burden of income tax on all workers.'

The latter brought up a recent opinion poll showing that the majority of people want the"hated" Universal Social Charge to be abolished. Barrett highlighted that the tax on income was brought in by the Government in 2011 during the economic crisis and was supposed to be a"temporary emergency austerity tax", adding:

"Will you listen to public opinion and abolish this hated charge for those at least earning under €100,000 to give working people a break?" "It is a more sustainable charge than those it replaced and is applied at a low rate on a wide base, which ensures that it is a stable and sustainable source of revenue for the state.

"If the USC were to be abolished, it would be necessary to generate this yield from alternative sources."Following these comments, Barrett accused McGrath of"rewriting history", reasserting:"[USC] wasn't put forward at the time on the basis of broadening tax bases or anything like it."While ordinary workers have lost out because of the USC, net household wealth in this country has dramatically increased.

 

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