Taxes must be cut to stop new Flight of the Earls

THE continuing collapse of employment and exchequer revenues, as evidenced by last month’s official figures (Irish Examiner, June 3) proves once again that the Government’s contractionary economic policy continues to be disastrous.

The very basics of economics teach us that in a recession or depression, a government must implement a pro-growth fiscal policy.

Cutting government spending to balance our budget is crucial, but in addition to this we must slash income tax rates in order to generate independent domestic economic growth.