Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

The Deputy said there was nothing in the Department of Finance which justified a reduction in USC. That is not true. Acres of paper has been generated on the adverse effects of high marginal rates of tax on economic activity and, in particular, on employment. The USC, on top of income tax, gives us marginal rates of tax which are too high and I intend to reduce them. There is plenty of evidence to suggest that is a valid economic and fiscal approach. I am sorry for interrupting the Commissioner.