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PAC Told That Government’s Tax Cuts Will Only Benefit High Earners - Cullinane

6 July, 2017 - by David Cullinane TD

Sinn Féin member of the Public Accounts Committee David Cullinane TD has today questioned Revenue officials on the implications of the Taoiseach's signalled tax cuts.

Deputy Cullinane said;

"I asked the officials whether it was the case that the 52% marginal tax of tax only applies to those earning over €70,000 a year.

“The officials confirmed that this is the case and that any move to bring those income earners under the marginal rate of 50% will only benefit that section of earners.

"This is the top 14.3% of wage earners.

"It includes the 102,239 people earning between €100,00 and €150,000 a year.

"It also includes the 16,168 people earning over €275,000 a year.

"They will give someone earning €1,000 a day a tax cut and in the same breath say that there is no money to invest in infrastructure, in roads, schools and hospitals.

"Only a change in policy through a change in Government will see the type of balanced investment needed to sustain our future."

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