The Irish public are set for a major income boost, with reports indicating that the Coalition Government are set to slash the controversial USC tax.
Fáil ministers, who believe that it would offer more benefit than the proposed €1,000 tax cuts to middle income works.
Meanwhile, Fine Gael's taxation priority has been to raise the standard cut-off rate for income tax to above €40,000, resulting in fewer people paying the top rate of tax.The Coalition Government has already confirmed that it would deliver a relief package worth €6.4 billion in Budget 2024, including a €5.25 billion increase in spending and further tax cuts worth over €1 billion.
Other budgetary measures which are likely to be listed in Budget 2024 include the extending of the free school books scheme, increased spending to secure an additional 1,000 new Garda recruits and a once-off €200 energy credit.
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