Cuts to USC under consideration as part of Budget 2024 tax package, says McGrath

Mr McGrath said that people on low and middle incomes needed to feel the benefits of income tax cuts, as well as those on higher incomes

Michael McGrath confirmed that he is examining cuts to the Universal Social Charge (USC) as part of the budgetary package.

The Finance Minister says that changes to income tax as part of Budget 2024 will be the “largest and most important” part of the overall tax package, with cuts to USC under consideration.

Speaking at the Fianna Fáil think-in in Horse and Jockey, Co Tipperary, Michael McGrath confirmed that he is examining cuts to the Universal Social Charge (USC) as part of the budgetary package, which is due to be unveiled on October 10.