Income tax burden
Deputy Griffin thanked staff and asked for action on the burden of income tax on working families. The Minister for Finance said the Government had expanded tax measures and would continue supporting low- and middle-income workers in budget 2023.
I thank the Ceann Comhairle for his wise philosophical words earlier. As Whip of the Fine Gael group, I thank everybody for their contribution to the running of the Parliament and I wish everyone on all sides of the Houses happy summer holidays. Please come to Kerry and spend money there. Members are more than welcome. We may have lost Fungie, but we have gained a greenway recently so I guarantee Members will have a good time.
I ask about the burden of income taxation on working individuals and families. That burden makes this difficult time even more difficult. There is a great opportunity in the upcoming budget to make a big bang impact in relation to the universal social charge, tax bands and income tax rates. Will that be prioritised to give working individuals and families a well-deserved break in the upcoming budget?
Comment on this
This has been recognised by the Government. We have doubled the size of the tax measures that are afforded for in the summer economic statement. The Government has always recognised the role that taxation can play in helping those on low or middle wages keep the wage increases they get due to their hard work. We will in budget 2023 continue with the progress we have made and put together a package that helps. At the same time, I am confident it will avoid adding to the inflationary challenges we have. The Deputy's point is well made. We understand that many workers not in receipt of support through our social welfare system also face higher costs and more pressure on their wallets and purses. We will do our best in the budget to help them.