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Ó Snodaigh calls on cabinet to target wealth in budget

22 November, 2011

As the cabinet meets today (Tuesday 22 November 2011) to discuss budget measures, Sinn Féin spokesperson on social protection, Aengus Ó Snodaigh TD, called for revenue to be raised by taxing wealth and avoiding cuts in social welfare.

Deputy Ó Snodaigh said:

“Sinn Féin’s pre-budget submission shows how cuts to social welfare are not necessary,” he said. “There is plenty of scope to raise revenue by taxing wealth and leaving social welfare payments alone.

“Child Benefit should remain a universal payment. It is the fairest and simplest measure to give it to every child at the same rate and use a third rate of income tax to recoup it from those on over €100,000 a year and by a wealth tax.

“Labour party leaders promised before the election that they would not tolerate a cut in child benefit and people voted for them on that basis. To back on that promise and cut child benefit would amount to fraud,” he added.

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