Menu
16/10/2015
'Better Off Gain Most In Budget' - SF
The better off have, once again, gained most from the Budget, Sinn Féin's Finance Spokesperson, Pearse Doherty has said.
Deputy Doherty said that the "true nature of the unequal budget" has been revealed by research from the ESRI and Social Justice Ireland.
"The true unfair nature of this year's Budget is now coming to light and once again it can be seen to have unambiguously favoured the wealthiest in society. The ESRI analysis highlights how the lowest 20% of our population comes out worst of any group in the Budget. Yet, we are told everybody was a winner," Deputy Doherty said.
"The real winners were the highest earners who in real and relative terms will now be wealthier than the rest of society than they were the day before budget day. That is the true nature of Budget 2016 and it is no accident. It is by design and by policy that the more you have the more you get under Fine Gael and Labour. They have shown themselves incapable of bringing about a fair recovery.
"In percentage terms, the top earners are among the winners but the fact that this is magnified so much in real terms just shows how unequal the starting point was. The last Budget of the government, like every one before it, widened the gap between rich and poor.
"Despite the government spin, the actual middle earners in our society, those earning around €28,500, benefit little from the budget. Only two days after Budget day and the fog is clearing to reveal the true nature of budget 2016. The picture is of more of the same and top earners moving further away from the majority of hard working families and of the emergence of an unequal and unfair recovery."
(MH/LM)
Deputy Doherty said that the "true nature of the unequal budget" has been revealed by research from the ESRI and Social Justice Ireland.
"The true unfair nature of this year's Budget is now coming to light and once again it can be seen to have unambiguously favoured the wealthiest in society. The ESRI analysis highlights how the lowest 20% of our population comes out worst of any group in the Budget. Yet, we are told everybody was a winner," Deputy Doherty said.
"The real winners were the highest earners who in real and relative terms will now be wealthier than the rest of society than they were the day before budget day. That is the true nature of Budget 2016 and it is no accident. It is by design and by policy that the more you have the more you get under Fine Gael and Labour. They have shown themselves incapable of bringing about a fair recovery.
"In percentage terms, the top earners are among the winners but the fact that this is magnified so much in real terms just shows how unequal the starting point was. The last Budget of the government, like every one before it, widened the gap between rich and poor.
"Despite the government spin, the actual middle earners in our society, those earning around €28,500, benefit little from the budget. Only two days after Budget day and the fog is clearing to reveal the true nature of budget 2016. The picture is of more of the same and top earners moving further away from the majority of hard working families and of the emergence of an unequal and unfair recovery."
(MH/LM)
Related Irish News Stories
Click here for the latest headlines.
05 December 2012
High Earners Hit Hard In Budget 2013
Budget 2013 will see high earners, including banker pensioners, retired ministers and hospital consultants taking a €500m hit across several fronts. Low-paid workers, earning less than €18,000 a year, will also pay higher taxes of around €5 a week due to reductions in their PRSI tax-free allowance.
High Earners Hit Hard In Budget 2013
Budget 2013 will see high earners, including banker pensioners, retired ministers and hospital consultants taking a €500m hit across several fronts. Low-paid workers, earning less than €18,000 a year, will also pay higher taxes of around €5 a week due to reductions in their PRSI tax-free allowance.
16 October 2015
Budget Gives Workers First Financial Gain In Eight Years - SIPTU
The Budget 2016 will see workers make the "first real financial gain in eight years", according to the union SIPTU.
Budget Gives Workers First Financial Gain In Eight Years - SIPTU
The Budget 2016 will see workers make the "first real financial gain in eight years", according to the union SIPTU.
14 May 2015
FG Hits Out At Plans To Increase Tax On High Income Earners
Plans to increase tax on high income earners has been slammed by Fine Gael. MEP from Dublin, Brian Hayes, said it does not make economic sense given Ireland's 'fair' and 'progressive' system of taxation. Mr Hayes said: "Our income taxation system is progressive and fair. The more you earn the more you pay.
FG Hits Out At Plans To Increase Tax On High Income Earners
Plans to increase tax on high income earners has been slammed by Fine Gael. MEP from Dublin, Brian Hayes, said it does not make economic sense given Ireland's 'fair' and 'progressive' system of taxation. Mr Hayes said: "Our income taxation system is progressive and fair. The more you earn the more you pay.
04 February 2010
Taxing Day For High Earners
The state's high earners will be dipping deeper into their pockets today as the Finance Bill put forward in December's budget is officially published today. Publishing the bill this afternoon will give legal effect to measures announced in the Budget, including abolishing a number of tax reliefs and raising the effective tax rate for high earners.
Taxing Day For High Earners
The state's high earners will be dipping deeper into their pockets today as the Finance Bill put forward in December's budget is officially published today. Publishing the bill this afternoon will give legal effect to measures announced in the Budget, including abolishing a number of tax reliefs and raising the effective tax rate for high earners.
30 August 2011
Irish Fairy Story Could Be 'Dream Come True'
Although it is very early days, a new DreamWorks produced movie series may be coming to Ireland, writes Brian McCalden. The company, founded by Steven Spielberg, has recently bought the rights to a fantasy book that is actually set among the 'Fae' or the fairy folk in the Irish Republic.
Irish Fairy Story Could Be 'Dream Come True'
Although it is very early days, a new DreamWorks produced movie series may be coming to Ireland, writes Brian McCalden. The company, founded by Steven Spielberg, has recently bought the rights to a fantasy book that is actually set among the 'Fae' or the fairy folk in the Irish Republic.
-
Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
