From top: Renua candidate Mailo Power with party leader Lucinda Creighton; William Campbell
Waterford Renua candidate and hotel owner Mailo Power talks to William Campbell of the Here’s How [current affairs] podcast on her party’s controversial flat tax plan.
Mailo Power defends her party’s plans for taxation. People on six-figure salaries will get huge tax cuts, someone on €200k get an extra €45k in their pocket. People lower down the scale? They get an incentive to work harder…
Former Fine Gael Councillor Keith Redmond and Renua leader Lucinda Creighton at Leinster House this morning
Via Hibernia Forum:
The Councillor for Fine Gael in Fingal Country Council, Keith Redmond is to leave the Government party to join Renua.
Redmond is also a founder and director the liberal economic think-tank, Hibernia Forum, is fed up by the ‘nanny state tendencies’ of an increasingly centrist and ‘big State’ Fine Gael party, as well as the governing party’s lack of support for small business culture and prudent public spending.
Renua’s announcement of a Flat Tax system as a central part of its economic policy finally triggered the move away from Fine Gael is also a aim and ambition of the Hibernia Forum.
“Renua Ireland says work must pay, except if you work for Lucinda Creighton.”
From Ms Creighton’s website, posted last Thursday, October 1:
“Are you a bright, motivated and energetic self-starter with an interest in politics and public affairs? I am seeking an intern to work in my office in Leinster House, contributing to parliamentary, constituency and political projects and assisting in the day-to-day running of my office… The position is unpaid and will last for an initial duration of three months, starting immediately.”
Lucinda Creighton at the launch of Renua’s pre-budget submission yesterday at the Royal Irish Academy, Dublin
You may recall how yesterday Lucinda Creighton announced Renua’s proposed tax plans which include a 23% flat tax and tax rebates, on a sliding scale, for those on welfare and lower income.
Under the proposals the disposable income of those on middle and higher incomes would increase. But those on the minimum wage would earn less.
This morning, Ms Creighton spoke to Seán O’Rourke about the proposals. Sinn Féin TD Pearse Doherty also took part in the discussion.
Seán O’Rourke: “Is Pearse Doherty right when he says you’re going to have people on the minimum wage paying more?”
Lucinda Creighton: “No, what we are proposing, at the moment, anybody who’s on the minimum wage, is in a trap. So if they receive a €10 increase, which amounts to, a €10-a-week increase, which amounts to €520 – rather than benefiting from that pay increase, they actually end up being worse off in terms of their net take home pay, so they actually end up being down €8, rather than up €10 or part of the €10. Under our proposal, for every extra euro that that person earns, for every extra hour that they work, they will be rewarded. They will be incentivised to work harder. There are incentives for employees [sic] to pay people better and there are incentives for people to actually take and accept pay rises. At the moment, there is no incentive because you lose money because of our bizarre PRSI system, you lose money on the minimum wage if you…”
O’Rourke: “But are you going to retain the present tax exemptions so that the credits that are there for people on low income.”
Creighton: “No, we’re not retaining tax credits. What we are proposing is a direct payment, a graduated basic income for everybody who is a low earner and that’s phased out or graduated out, up to an earning income level of €70,000 and that simplifies the system. It means people can see on their payslip what they’re receiving, what they’re contributing and everybody is incentivised to work. We have to make work pay. People pay lip service to it.”
Not sure if anyone at the presser asked what the Renua policy on zero hour contracts was or if they’d compel companies to offer over-time. — Niamh Puirseil (@NiamhPuirseil) October 5, 2015
Renua Leader Lucinda Creighton (top) and Eddie Hobbs, the party’s finance spokesman, this morning.
Breaking News reports:
“Renua has issued a number of pre-budget submissions today. The party is proposing a new 23% flat rate of income tax for everyone. It also proposes abolishing the TV licence fee and making RTE fund itself entirely from commercial revenue…The party also says no public servant should get a pension in excess of €60,000.”
At the first-ever Renua think-in were from left: Fr Peter Mcverry, who spoke on homelessness, Renua leader Lucinda Creighton and corruption sleuth Dr Elaine Byrne, whose talk was entitled ‘democratic renewal’.