Enda Kenny (Mayo, Fine Gael) | Oireachtas source

Over 400,000 people will now have no liability for the USC. A further 33,000 will be removed from the higher rate of income tax as a result of the increase in the bands introduced yesterday. The 1% cut in the 52% tax rate will benefit 635,000 middle income earners. For earnings above €70,000 and €100,000, two new rates of USC have been introduced. While everyone benefits from the reduction in the tax rate, for those earning above €70,000 and €100,000, that is set aside by a higher increase in the USC.

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