Séamus Kirk (Louth, Fianna Fail) | Oireachtas source

Over the weekend, the British-Irish Parliamentary Assembly met here in the city. During the course of an exchange between the Minister of State at the Department of Finance and a number of other delegates, the Minister of State candidly told us that all those earning incomes over €32,000 are now paying taxation at the rate of 53%, including the universal social charge. Is the Economic Management Council, EMC seriously examining the issue in the context of the law of diminishing returns? Will there be any proposal from Government to alleviate the serious pressure of taxation on many people working in our communities?

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