Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

We will continue to ease the burden on those in the middle in a targeted manner without giving disproportionate benefits to those on the highest incomes. The 52% marginal rate will be lowered further while ensuring those on higher incomes continue to pay their fair share. Progressivity will be copper-fastened by giving greater importance to USC at higher incomes so that the capacity of higher earners to shelter their income through tax breaks is significantly curtailed.

Funding tax changes

I now turn to the funding of the tax changes that I have announced. The measures I have announced today will cost an estimated €585 million next year, and this has to be paid for. So, with effect from midnight tonight, the price of 20 cigarettes will increase by 40 cent-----

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