Maria Byrne (Fine Gael) | Oireachtas source

I move recommendation No. 3:

In page 15, between lines 24 and 25, to insert the following: “Report on Income Tax

11.The Minister shall within 4 months of the passing of this Act prepare and lay before both Houses of the Oireachtas a report on increasing the standard rate cut-off point with respect to income tax to €50,000.”.

The report on income tax was published recently. The Minister is looking at broadening the tax bands, and we will all be better off for that and have more money in our pockets. The standard rate cut-off point is to be increased to €40,000. Are there any plans to extend that to €50,000? I know that there was a debate about it recently. Does the Minister have any thoughts on that? The increase to €40,000 is welcome, but perhaps the Minister might consider extending it.