Oireachtas Joint and Select Committees
Wednesday, 7 September 2022
Committee on Budgetary Oversight
Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion
Neasa Hourigan (Dublin Central, Green Party) | Oireachtas source
I will allow members to ask supplementary questions. However, before that, I will ask a few questions.
I was taken with a particular paragraph in Dr. McDonnell’s opening statement regarding how the State planned to cut taxes for middle and higher income earners. In this and the previous session, we talked much about inflation. The reality is that, as he said, our finances are not in a bad situation. However, considering the long list of needs and demands, we will not be able to do everything. It will be a situation where we will have to choose what is appropriate to do and what is not. In that context, there is a lot of discussion on wages versus inflation and taking decisions that might add to inflation. Would it be incorrect to say that cutting taxes for middle to higher income earners could have a similar effect on inflation?
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