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- Committee on Budgetary Oversight: Report on Indexation of the Taxation and Social Protection System: Discussion (17 Apr 2024)
...at a rate of 5.9%. Employment is not necessarily a route out of poverty. There needs to be serious reform of our economy in order to address that and ultimately bring in a living wage. Finally, I echo what has been said. There is ultimately a choice. Do we begin with tax? Do we ask about the most that the Government is willing to tax and then divvy it up and, if it is not enough,...
- Committee on Budgetary Oversight: Report on Indexation of the Taxation and Social Protection System: Discussion (17 Apr 2024)
Mr. John McGeady: To echo what Dr. McDonnell said, again, the key thing is that the great advantage of indexation is that once we have reached the benchmark, which takes a bit of work, after that, we are only ever incrementing with wages increases or earnings increases, which are what they are, but it is not a huge jump. What it does is take the mountains and valleys out of the system....