Sinn Féin Finance Spokesperson Pearse Doherty TD has said Minister Noonan has admitted today in the Dáil in reply to questions by Deputy Doherty that the next budget will take more than it will give to workers.
Deputy Doherty said:
“Today I questioned Minister Noonan on how he plans to cut the tax burden on workers while protecting the most vulnerable. In his answers he admitted that any tax reductions would have to be offset by other taxes and cuts and that the government is still planning to cut and tax an extra €2bn in this year’s budget.
“Minister Noonan admitted today that in effect this year’s budget will take more with the right hand than it might give with the left. His admission shows up the recent electioneering by some Ministers hinting at tax cuts as cynical stunts.
“Sinn Féin would welcome an easing of the tax burden on the lower and middle income families and in our alternative budget mapped out in a fully costed way how this could be done. The priority should be on easing the burden on those on the edge- abolishing the property tax and removing those earning the minimum wage from the USC net are the most effective ways of doing this.
“The hinted change in the standard rate tax threshold would see about 15% of the benefit going to those earning over €100,000 a year while at least 1.3m workers would see no benefit at all.
“Once again this government has its priorities wrong economically and socially.”