In this pre-budget submission the political choices Sinn Féin makes are about achieving a far fairer yet still successful route to recovery. Sinn Féin’s plan is about growing the economy to a sustainable recovery, making sure the most vulnerable are protected, that those who can afford to contribute more are asked to do so, and bringing a level of equality not seen in this state.
- Invest €7 billion in job creation and economic growth over the next three years including using semi-states as a driver for recovery. This proposal would benefit almost 200,000 people.
- Close the deficit between 2012 and 2016 beginning with €3.5 billion this year. The Government is making an adjustment of €3.8 billion, but claims €600 million of this will be carried over from last year, so €3.2 billion of this is new measures. We are targeting €3.5 billion to allow for the impact that some measures will have against others. This, combined with our stimulus would bring the deficit down to approximately 8.3% of GDP. We achieve €3.5 billion by reducing the tax burden on low to middle income families, increasing taxes and removing loopholes for higher earners, as well as spending savings.
- End wasteful spending beginning with €1 billion in savings this year through a range of measures including capping all public sector wages at €100,000, reducing professional fees by 25% and ending the practice of providing medical care for private patients in public beds.
- Our tax to savings ratio is 3-1.
- Support working families and the most vulnerable – abolish the USC and invest in a household stimulus package to help those struggling to survive. Abolishing the USC will benefit half a million people by taking them back out of the tax net.
- Maintain social welfare levels and oppose the introduction of student fees, household and water charges. Ease the recruitment embargo in the public sector to hire nurses, teachers, SNAs and Gardaí.
- Tackle the debt crisis - Irish debt levels are unsustainable. A Europe-wide solution is needed to deal with the debt problem. As a first step, private bank debt and sovereign debt must be separated and the Anglo promissory notes, which will cost €74 billion over the next 20 years, should not be paid.
- Stand up for Ireland and negotiate a new EU/IMF deal.