Labour’s taxation plan comes under attack from other parties

LABOUR’S tax agenda came under strong attack during a hard-hitting Dáil debate on the economic crisis.

The Government warned that Labour’s plans to split tax rises and spending cuts on a 50/50 basis in order to cut the deficit would damage the economy.

And Fine Gael — Labour’s expected partner in Government should the two do well in the election — warned a new tax rate for high earners announced by Eamon Gilmore could be counter productive.