Budget hope of 30% tax bracket fades

Michael McGrath said the scale of the Government's one-off cost of living package, which will be made alongside the Budget, has yet to be decided. Picture: Damien Storan.

Public Expenditure Minister Michael McGrath has played down chances of a new 30% tax bracket being in place by next month's budget.

Mr McGrath also said the Government will not use bumper corporation tax receipts to commit to permanent expenditure in a giveaway budget on September 27.