Fianna Fáil General Election HQ, Dublin.
Fianna Fáil spokesperson on Finance Michael McGrath TD (centre), Barry Cowen (right), spokesperson on Public Expenditure and Dublin City Councillor Deirdre Heney (left) at a press briefing on the party’s personal taxation proposals.
The party is planning to reduce the 4.5% Universal Social Charge rate to 3.5%.
It is proposing to increase the standard rate of income tax band by €3,000 for an individual, and €6,000 for a couple.
Fianna Fáil’s Michael McGrath said his party would also increase the so-called rainy day fund from €500,000 to €750,000 per year – bringing the fund to €5.2bn by 2025.
Tax cuts and increased spending.
Apart from bitter experience, why the hell not?