Jack Chambers emphasized that reductions to the Universal Social Charge (USC) are essential for Budget 2025, particularly benefitting low to middle-income earners, aiming for a competitive income tax system.
He stated that budgetary changes would aim to provide at least €1,000 in benefits through income tax reductions and cost-of-living payments, supporting 2.75 million workers.
On the topic of phasing out USC, Mr. Chambers asserted that any claims to abolish the tax lack honesty regarding economic management, emphasizing the need for fiscal responsibility.
Chambers pointed out that removing €5 billion from the permanent tax base would necessitate finding funds elsewhere, underlining the complexities of budget planning.
[
Collection
]
[
|
...
]