Thursday 27 October 2016

Fianna Fail dubs Michael Noonan a 'lucky general' as they launch pre-Budget submission

By Kevin Doyle Group Political Editor

Published 08/10/2015 | 12:12

Minister for Finance Michael Noonan
Minister for Finance Michael Noonan

Fianna Fail have accused Finance Minister Michael Noonan of being a "lucky general" as they launched their pre-Budget submission.

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The main opposition party promised that if they are in Government water charges will be abandoned from January 1.

Finance spokesman Michael McGrath said the party had "learned from our mistakes" and had a new economic plan which would see Ireland's recovery continue.

The plan would see a single person earning over €21,076 gain from €293 as a result of changing the income level at which USC become available.

That would be the maximum any worker could save, meaning that someone earning €100,000 would also save €293.

Other tax measures would see DIRT reduced by 1pc to 40pc, a cut in Capital Gain Tax and a limited relief on pension contributions up to €95,000.

They would bring in a tax on sugar that would see 6 cents added to the price of a can of coke and cigarettes would be hiked by 75 cents.

Fianna Fail would give over €308m extra to health, while there would be increases in child benefit, the respite care grant and pensions.

Speaking at the launch Mr McGrath claimed that Michael Noonan "is being held up as a Messiah" but people should buy that.

He claimed that he had merely followed the financial plan set up by Fianna Fail at the height of the economic crash.

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