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OVER THE LAST few months the government has been talking up the €1.5 billion tax package that will be announced on budget day in October.
Finance Minister Simon Harris has repeatedly nodded to the “squeezed middle” while discussing this year’s budget – which he said will support people who “get up early every morning and go to work”.
There have been hints that the point at which a person enters the highest tax band will increase by €2,000 to €46,000.
But what about workers earning less than €44,000 who won’t benefit from these tax changes?
The Social Democrat’s spokesperson for Finance, Cian O’Callaghan, told The Journal that: “Indexing tax bands will not put extra money in people’s pockets – it will simply allow some workers to stand still while others are left behind.”
“People struggling to keep their heads above water on incomes below €44,000 a year also need support,” he said.
O’Callaghan said that as well as indexing tax bands, his party is proposing increasing tax credits and creating targeted energy credits to support people on low and middle incomes.
It’s expected all the opposition parties will unveil their alternative budget plans ahead of budget day on 7 October.
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