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Fine Gael calls for a cut in employer’s PRSI

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Leadership

Fine Gael calls for a cut in employer’s PRSI

18.11.2009
Fine Gael have announced plans to reduce employer’s PRSI as part of a €900m pro-jobs tax cut in its proposals for the December Budget.

The party is suggesting a 20pc reduction in the upper rate of employer’s PRSI and a 50pc reduction in the lower rate of employer’s PRSI, which it says will benefit 175,000 employers and their 1.7 million employees.

Fine Gael’s spokesman on finance Richard Bruton TD (pictured) announced the proposal in the Dáil today and said the tax cut could be financed by broadening the tax base to include a carbon tax and a windfall levy on power generators.

Budget should be about jobs
According to Bruton, the upcoming budget has to be about job protection and job creation.

“If this doesn’t happen it will represent another major opportunity wasted by this Government,” he said.

“If we do not get our people back to work we will never get out of this economic crisis. Otherwise our social-welfare costs and our budget deficit will continue to grow while essential services continue to be slashed. This only serves to make a bad situation worse.”

Bruton also said that Fine Gael is committed to reducing the cost to businesses and to keeping the country’s capital programme intact so that as many people as possible could be maintained in jobs as possible.

He agreed that €4bn of public-spending cuts would need to come in December’s Budget, including savings of €1.3bn in the public-sector pay bill.

Fine Gael is set to unveil its full budget perspective on 3 December.

 

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