Tag Archives: Cole Porter

This morning.

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.

To wit:

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?