Taoiseach will outline USC cuts during speech this afternoon – TheLiberal.ie – Our News, Your Views

Taoiseach will outline USC cuts during speech this afternoon




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Enda Kenny will be speaking at Grant Thornton this afternoon, where he is expected to outline significant cuts to the Universal Social Charge that was brought in as a “temporary” measure at the onset of the financial crisis,

The marginal rate on middle income earners is likely to be brought below 50%.

The Taoiseach is also expected to say that cutting personal taxes will drive financial recovery, in a similar manner that Ireland’s corporation rate drove investment.

While tax reductions introduced in the last budget targeted the higher tax end, tax cuts in the next budget are expected to focus on the USC.

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