Doherty introduces Bill to remove minimum wage earners from USC
Sinn Fein Finance Spokesperson Pearse Doherty TD has today published a Bill which would remove those on the minimum wage from the USC.
Speaking as he introduced the Protection of Minimum Wage Earners 2013 Deputy Doherty said:
“The Universal Social Charge was a blunt instrument introduced in a panic by an incompetent Fianna Fáil administration. It is a perfect example of a regressive and unfair tax.
My Bill is a progressive and positive measure that would stimulate the economy while also creating a fairer tax system. This proposal from Sinn Féin’s alternative budget, the only one by an opposition party that has been costed by the Department of Finance, is an example of the alternative that exists. Our budget proposal would lift the tax burden off working people, and protect jobs and our public services.
Today I am moving this Bill which if it wins the support of the Dáil will go some way to protecting some of the lowest paid from the USC. The minimum wage is exactly what it says- it should be the bare minimum a worker earns. Including minimum wage earners in the USC net is unfair and undermines the concept of a minimum wage.
This Bill if passed would lift the burden of the USC on 296,000 workers at cost of €94m in the first year. That money would be used instead in the real economy as lower earners spend more of their income proportionately in the real economy.”