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Micheál Martin’s comments on USC show his election manifesto was based on populist and irresponsible fiscal policy - Pearse Doherty TD

18 April, 2017 - by Pearse Doherty TD


Sinn Féin Finance Spokesperson Pearse Doherty TD has reports today that Fianna Fáil leader Micheál Martin believes scrapping the USC makes no sense are an admission that his manifesto for last year’s general election was based on a populist and irresponsible fiscal policy.

Speaking today Deputy Doherty said:

“I welcome this admission by Micheal Martin that Fianna Fáil’s manifesto was based on a populist and irresponsible commitment to abolish 90% of the revenue generated by the USC. 

“His comments in the Irish Examiner today are proof that, like Fine Gael, Fianna Fail tried to peddle the myth that quality public services could be delivered while hacking away at the tax base.

“This was done simply to win votes on a promise of cutting taxes.

“Only last year Fianna Fáil stood on an election platform that would have cut €2.64bn of the USC. Sinn Féin said that was not possible while making the investment necessary to tackle the crises in our public services.

“By 2021 the USC will be delivering €5.2bn of funding to our infrastructure and public spending. The ideological commitment of Fianna Fail and Fine Gael to abolish that income never made sense. Abolishing the USC would soak up 40% of the available space over the coming years.

“I welcome Fianna Fail’s move away from this populist and irresponsible policy but, as we have seen on water charges and other issues, Fianna Fáil cannot be trusted.

“Had Fianna Fáil been elected to government, and they very nearly were, the damage done by Fine Gael’s reckless agenda would have been matched by Fianna Fáil.”

ENDS

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