June 20, 2024

Finance Minister Michael McGrath plans to ease cost of living and income tax burden

Improved welfare package also on cards as finance minister attacks Sinn Féin for being ‘anti-enterprise’

Finance Minister Michael McGrath. Photo: Getty

Finance Minister Michael McGrath wants the next budget to focus on permanent cost-of-living supports rather than emergency one-off payments that were introduced to tackle record levels of inflation.

Speaking to the Sunday Independent, the minister said he intends to increase the entry point for the top rate of tax while also cutting the Universal Social Charge (USC).

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