Election 2024: Party plans to tax the wealthy, increase minimum wage and cut USC for many under €56bn spending plan
Sinn Féin goes back to basics as election manifesto targets workers, families and young peopleWhile this election campaign has not yet settled on one defining theme, the focus is very much on how each party plans to fund their big spending promises, and how party leaders plan to protect the public finances in an increasingly unstable world., starting with a 20 per cent cut next year.
In it's election manifesto Sinn Féin promises to abolish the USC for those earning up to €45,000 and to end long-term homelessness by 2030. Video: Enda O'Dowd At the same time, the party wants to abolish the USC on all incomes up to the median wage of €45,000, while free medical cards would also be given to this same income bracket. The total cost of those tax changes and the party’s health package is more than €5 billion combined, some of which would be offset by a €1 billion taxation of high earners plan along with €500 million in other wealth-type levies, such as the introduction of a second-home charge of €400.
The Government parties have accused Sinn Féin of attempting to narrow the tax base in a move which, they say, will see tax receipts fall away. They have also accused Sinn Féin of a €16 billion “piggy bank” heist, saying the party wants to “raid” two long-term funds – the Future Ireland Fund and the Infrastructure, Climate and Nature Fund. Not so, says Doherty. He says Sinn Féin won’t touch them, and will actually add a €15 billion projected surplus in on top of them.
Political strategists across all of the main parties believe that voters in this election will make their final choice based on who they trust the most with the economy. With nearly all of the manifestos now published, voters may find that they are that bit closer to making up their minds as the campaign enters its crucial second phase.
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