Plan to merge USC and PRSI is a major Government U-Turn - Doherty
Sinn Féin Finance spokesperson Pearse Doherty TD has said the government’s plan to merge USC with PRSI is a welcome u-turn from government.
Teachta Doherty said abolishing the USC was never realistic and the priority for government should be to solve the housing and health crises.
Speaking this morning he said;
“The promise from Fine Gael and Fianna Fáil to abolish the USC was never based in reality and was designed simply to win votes.
“It would cost €4 billion each year and these two parties were also promising to solve both the housing and health crises at the same time. It was completely dishonest and shows that neither of these parties can be trusted.
“During the General Election last year, it was Sinn Féin who exposed these parties on their false promises. I welcome the fact that the penny has finally dropped and they have realised that you cannot reduce the tax take by such a serious amount of money and also deliver quality public services.
“The focus now must be on fixing the crises in housing and in our health services. Unfortunately however, the government is still determined to cut taxes for some of the wealthiest in this state.
“The promise to bring the marginal tax rate to below 50% for those earning over €70,000 per year would cost in the region of half a billion euro.
“This massive tax cut will only benefit those earning at least twice the average wage. It will have no impact on those earning below €70,000.
“Meanwhile homeless figures continue to rise, families continue to bring their kids up in hotel rooms, and record numbers of patients continue to languish on trolleys or on waiting lists.
“It is clear that this is a government for high earners with little or no commitment to seriously tackling the issues that are causing hardship for the majority of people.”