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PBP proposes Corporation Tax rise, cut in USC

People Before Profit-Solidarity launched its proposals in Dublin
People Before Profit-Solidarity launched its proposals in Dublin

People Before Profit-Solidarity has described its alternative budget plans as "less fiscally reckless" than the Government.

The proposals, launched today, include a Corporation Tax rise of 20%, the abolition of the Universal Social Charge for incomes under €100,000, and the use of the €14.1 billion in Apple tax money to establish a State construction firm.

Deputy Paul Murphy said the plans are "transformative" compared to other parties.

He said it suited the Government for people to believe that one-off payments rather than long-term tax and funding plans are a "giveaway" budget.

Deputy Richard Boyd Barrett added that PBP-Solidarity's proposals are "less fiscally reckless" than the Government's reported budget plans.