The Government's recent moves to cut income tax reflect a growing emphasis on easing the financial burden on low and middle-income earners, signaling a shift towards more progressive tax policy.
Finance Minister Jack Chambers' proposal aims to lower the income tax from 4pc to 3pc for those earning between €25,000 and €70,000, specifically targeting relief for middle-income earners.
This proposal builds upon last year's 0.5pc tax cut initiated by then finance Minister Michael McGrath, demonstrating a commitment from the Coalition to further reduce income tax.
Fianna Fáil prioritizes the biggest ever cut to USC, showing a concerted effort to address financial challenges faced by lower and middle-class citizens in the upcoming budget.
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