Brian Cowen (Laois-Offaly, Fianna Fail)

This rate cut will cost a net €125 million in 2007 and a net €186 million in a full year. If this Government is returned to office, and is honoured with a further term, then on the basis of our current economic strength being maintained, it is our shared intention to complete the commitment to cut the top income tax rate to 40% in next year's budget.

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