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

244. 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 €27,382 to €40,000. [40558/25]

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

245. 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 €27,382 to €35,000. [40559/25]

Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context

I propose to take Questions Nos. 244 and 245 together.

I am advised by Revenue that the table below sets out the estimated first and full year costs to the Exchequer, in 2025, of each proposal outlined by the Deputy.

For consistency, 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 for the reduction in the second rate also include an estimate for these categories of taxpayers i.e., a decrease in the reduced rate of USC from 2% to 0%.