Pearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

117. To ask the Minister for Finance the first- and full-year costs of reducing the first rate of USC from 0.5% to 0%; reducing the second rate of USC from 2% to 0% and increasing the threshold to the third rate of USC from €25,760 to €35,000. [26150/24]

Pearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

118. To ask the Minister for Finance the first and full-year costs of reducing the first rate of USC from 0.5% to 0%; reducing the second rate of USC from 2% to 0%; and increasing the threshold to the third rate of USC from €25,760 to €40,000. [26151/24]

Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

I propose to take Questions Nos. 117 and 118 together.

I am advised by Revenue that the estimated costs for the proposals outlined by the Deputy on a first and full year basis are shown in the below table.

As a reduced rate of USC of 2% currently applies for those aged 70 years or older with income of €60,000 or less and for those who hold a full medical card with income of €60,000 or less, the estimated costings also include a decrease in the reduced rate of USC from 2% to 0% for consistency.