Simon Harris has stated that he is certain the government can go forward with raising the tax band level in the next budget, reports Breaking News.
Mr Harris reiterated his goal to raise the threshold to €50,000 during the Fine Gael ard fheis in April, and he committed to further lessen the load of the Universal Social Charge (USC) on low- and middle-income workers.
He then clarified that raising the highest tax rate would not be accomplished in a single budget, with the present level being €42,000, reports Breaking News.
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The Taoiseach expressed hope that the government may advance its efforts to raise tax thresholds in his most recent remarks about the possible format of October’s budget.
The Fine Gael leader said: “We have indications in the Summer Economic Statement that we’d have around €1.4 billion available for tax measures, that’s pretty much the exact same as we had last year, so that gives you an indication of the scale of options that are available to Government. It is important to me that you don’t have a situation where somebody’s wages go up, or somebody does a few hours of overtime, or you know gets a promotion, that all of a sudden they find the state clawing back more and more of their money. That’s a disincentive to the very principle of making work pay,” reports Breaking News.
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