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Everyone’s talking about…
We’re just one week out from when Finance Minister Michael Noonan rises to make his fifth budget speech. One which is sure to have a distinctly more positive hue to the ones he made in those Troika-tinged days of yore.
A Budget countdown means alternative Budgets aplenty and yesterday Renua put their ideological cards firmly down on the table by proposing a flat rate of income tax for all workers of 23%.
Taking aim at a distinct core of voters, Renua say their tax plans are designed to “create more employment and take people out of the welfare and poverty trap“.
While Renua’s proposals of a flat rate contrasts directly with Sinn Féin who want a third-rate of tax for higher earners, Lucinda Creighton’s party aren’t on their own with the radical proposal.
Advocacy group the Hibernian Forum launch their own pre-budget submission today and like Renua, they’ll be proposing a flat tax.
The group is led by journalist Eamon Delaney and is chaired by accountant and commentator Cormac Lucey. They say they advocate a free market economics approach and want “prudent public spending”.
They’re plan also argues that people on middle-income are also getting too much welfare support, putting too much pressure on high earners to fill up welfare coffers.
We’ll have to wait and see Noonan an co. are thinking in this election year budget.
Incidentally, Arthur Beesley is reporting in the Irish Times today that the perceived strength of the ‘Noonan-Howlin axis’ could be used by Fine Gael and Labour as a kind of economic election dream-team ticket during election campaigning.
The agenda
Inside Leinster House
While the government partners may be on different sides of the debate over whether the 8th Amendment should be repealed in a new Dáil term. Dublin City Council voted last night by 39 votes to 11 to call on the government to hold a referendum.
While such a call won’t mean much in the grand scheme of things, it keeps the issue bubbling-on towards the election campaign instead of getting totally overshadowed by money matters.
What the others are saying
In case you missed it…
Good day for…
Mairia Cahill. While questions will understandably be asked about the Labour Party’s intentions in nominating her, Cahill’s nomination to the Seanad is a strong statement of the impact she has had in the last 12 months.
Bad day for…
Jerry O’Dea. The Mayor of Limerick city is facing calls to step down in the wake of news stories about an internal garda probe into the handling of an investigation into a car crash he was involved in.
On the Twitter machine…
Lucinda Creighton TD has this Twitter thing down.
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