Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

We have a programme for Government commitment on income tax that provides for the indexation of bands and credits. There are different options and combinations that are possible as part of that. As the overall envelope is just over €1.1 billion on the tax side, I will bring forward a fair and balanced tax package which will provide benefits for all income earners. Of course, I will be conscious of the need for low- and middle-income earners to benefit from those measures as well. No decisions have been made at this stage about the role of income tax and USC but I will be of course guided by the commitment the three parties in government have made.