Peadar Tóibín (Meath West, Sinn Fein) | Oireachtas source

Okay. That is obviously a higher estimate than would have been in discourse previously, which was €8 billion over the next five years. However, the key issue is the effect that cutting USC will have. There is no doubt that workers need a break. They have suffered massively over the last number of years and we need to ensure that they have money restored to their pockets. The problem I have with the debate on the USC and its abolition is that without the detail of any clawback sought on upper earners, the Taoiseach would for example have a tax cut of €12,340 on his wage. Someone on €100,000 would have a tax cut of €5,500 on their wage.

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