Enda Kenny: USC will be cut if Fine Gael are returned to powers
The Taoiseach has pledged that the Universal Social Charge for those earning less than €70,000 will be reduced in the next Budget.
Enda Kenny has also promised that the rate will be reduced in subsequent budgets – but only if Fine Gael is returned to power.
Mr Kenny also signalled further tax reductions could be on the cards.
“For the Government’s part, we have begun the process of cutting income taxes for workers, with a focus on low and middle-income earners,” he said speaking at the CEO Conference 2015.
“When we last met, I said that the 52pc tax rate on middle-income earners was anti-jobs, anti-enterprise and anti-investment.”
He confirmed “the process of equalising” the income tax treatment of the employed and the self-employed was currently under way.
“Work must pay more than welfare and those in full-time work should not be poor,” he said.
“Too often, this is not the case.”