Old promises renewed

THE general election is about a year away. However, we have already witnessed the first round of auction politics in the shape of the PDs’ tax proposals.

These include a reduction of the higher rate of income tax to 40%. Funny enough, this is exactly what they promised in 2002, but did not deliver.

Their new tax policy also proposes to allow taxpayers to earn up to €50,000 at the standard rate. Once again, we’ve been made this promise before.