Micheál Martin (Cork South Central, Fianna Fail) | Oireachtas source

Employers' PRSI has been increased. The Social Insurance Fund is extremely important for the future. Overall, Government has significantly reduced taxes on workers and, through national wage agreements and so on, with the rate of inflation coming right down this year, net incomes will increase overall. Tax has come down every year since this Government came into office, including income tax and the USC. The Commission on Taxation and Welfare was clear that in order to sustain pensions, auto-enrolment and pay-related benefits in the future, we should make sure that we have a significant revenue base.

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