Enda Kenny reiterates his promise to phase out USC

Taoiseach Enda Kenny has reiterated his promise to phase out the controversial Universal Social Charge, despite differing comments from Finance Minister Michael Noonan.

Mr Kenny said abolishing the USC on a phased basis is part of party’s programme for government but stopped short of providing information on any planned levies for high earners. Last week, Mr Noonan said a “clawback tax” for high earners would be introduced if USC is abolished.

Mr Noonan said it is not the Government’s policy to cut USC for all earners, adding a new charge for the highest earners would be established to replace it.