Seanad debates

Thursday, 18 May 2023

Nithe i dtosach suíonna - Commencement Matters

Tax Code

9:30 am

Photo of Maria ByrneMaria Byrne (Fine Gael) | Oireachtas source

I thank the Minister of State. I also thank the Minister for Finance, Deputy Michael McGrath, and the team in the Department. It is important that they look at this carefully. Obviously, on the basis of the progress made and the different steps that have been taken, it is clear that a thorough review is taking place. I thank the people who made submissions to the consultation process. The Government needs to look at something for those who are in the middle in order that they can earn up to €50,000 or that a 30% tax rate is introduced. That would be very beneficial, especially for many young families who are just outside that tax bracket. They end up on the higher rate by a small margin. This is important because it would make a huge difference to the take-home pay people have in their pockets if it were introduced. I thank the Minister and the team, and look forward to the result.

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