Seanad debates

Wednesday, 26 March 2003

Finance Bill 2003 [ Certified Money Bill ] : Committee and Remaining Stages.

 

The figures to which I refer make clear that the gains and successes of recent years, for which I have given the Minister credit, will be more than wiped out. There was a substantial increase last year, when an additional 72,000 people found themselves in the 42% tax bracket. Substantially more people will be caught in the higher bracket as a result of the fact that the bands and credits have been frozen for the current year.

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