Budget priority is to cut 52% income tax rate

The Taoiseach last night confirmed the Government’s priority to reduce the 52% income tax rate on low-and middle-income earners in the upcoming budget.

In an address to business leaders at the Ibec president’s dinner, Enda Kenny described the 52% marginal rate, comprising income tax, PRSI, and universal social charge, as “anti-enterprise, anti-investment, and anti-jobs”.

“It is damaging not alone our businesses, our workers, and their families, it is equally damaging to Ireland’s attractiveness as a location for foreign investors,” he said.