Sinn Féin - On Your Side

Sinn Féin budget supports fair and sustainable recovery - Pearse Doherty

8 October, 2014 - by Pearse Doherty TD


Sinn Fein’s Finance Spokesperson Pearse Doherty TD has said Sinn Fein’s alternative Budget would repair communities, rebuild the economy and renew society. The budget lays out how Sinn Fein would abolish the local property tax and water charges and our programme for investing in disability services, health and education.

Download Sinn Féin's Alternative Budget 2015 here

Sinn Fein’s Finance Spokesperson Pearse Doherty TD has said Sinn Fein’s alternative Budget would repair communities, rebuild the economy and renew society. The budget lays out how Sinn Fein would abolish the local property tax and water charges and our programme for investing in disability services, health and education.

Speaking at the alternative Budget launch Deputy Doherty said:

“Sinn Fein’s alternative budget, which is once again costed by the Departments of Finance and Public Expenditure, shows how this year’s Budget could start to repair communities, rebuild the economy and renew society. The budget is fiscally neutral which as Minister Noonan has pointed out would bring Ireland under the targeted 3% deficit for 2015.

Our priority in Budget 2015 is to reduce the tax burden on working families and low and middle income households by scrapping the property tax and water charges. We would remove all people earning under the minimum wage out of the USC net while we keeping the exemption for households earning under 60,000 and on medical cards.

In a full year our tax raising measures would bring in an additional €1.7bn through a third rate of income tax, restoring CGT and CAT to 40%, a 3% betting tax and a range of other measures. However, the net tax increase will be just €263.7million as our measures would see €1.053bn going back to low- middle income workers.

We have prioritised investment in disability services, through a €202 million package of 11 measures. We would also reverse cuts to the respite care grant and increase the Family Income Supplement. We would tackle the scourge of emigration by restoring the full rate for young jobseekers over two budgets starting with €40 in this budget.

We would hire 1,000 resource teachers and 1,000 nurses and midwives as well as a fund for other frontline workers as required.

On the capital side we would tackle the social housing crisis with a €1 bn injection from the Strategic Investment fund. This alternative would give people a break while balancing the books.”

  • Put €800m back into the pockets of ordinary workers through the abolition of the property tax and by stopping water charges
  • Invest an additional €202.6m in disability services and supports
  • Prioritise investment in health and education to make back to school more affordable and recruit an additional 1.000 nurses and midwives
  • Help stop forced emigration of our young people by restoring the Jobseekers payment for those under 26 over two years
  • Invest €1bn from the Strategic Investment Fund to build an additional 6,600 homes over the next 18 months and create 8,000 jobs
  • Reduce salaries and allowances of high-earners in the public sector and Oireachtas

Connect with Sinn Féin