budget 2024

Social Democrats proposes new tax on ‘super wealthy’ in €16bn alternative budget

Party calling for tax increases of €2 billion on higher earners, which will offset tax cuts for low and middle income earners

Social Democrats: party is proposing a spending package of €8.2 billion, which is higher than the government’s planned spending package of €6.4 billion. Picture: Norma Burke

The Social Democrats are calling for a higher minimum wage, a third rate of income tax and a new tax on the “super wealthy” in next week’s Budget.

The party is proposing a spending package of €8.2 billion, which is higher than the government’s planned spending package of €6.4 billion.

It is calling for tax increases of almost €2 billion on higher earners, which will offset the cost of tax cuts of €1.1 billion for ...