Oireachtas Joint and Select Committees
Tuesday, 15 November 2022
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2022: Committee Stage (Resumed)
Paschal Donohoe (Dublin Central, Fine Gael)
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The Deputy put a question to me and I will repeat and conclude what I am saying. He does not believe it to be a priority issue that someone who is on an average wage is paying the higher rate of income tax. I do. We should change this, particularly at a time of higher inflation. For someone who is on €40,000 or €42,000, the benefit will of course be significantly more than for the person on €30,000, but the former is also feeling the impact of the cost of living. At a time when inflation will begin impacting on wages, we will also see more workers paying the higher rate of income tax purely as a result of them getting a wage increase. That should change.