Income tax reform a priority

Finance minister Brian Cowen can say that he has passed his own first test.

4th December, 2004

Finance minister Brian Cowen can say that he has passed his own first test. In preparing the budget sums with his officials, Cowen had vowed to stimulate the economy. As economic growth shows signs of accelerating past the predicted 5 per cent next year, the economy has all but returned to a rate that will effectively maintain full employment.

He could have spent up to €2 billion on the budget last week. Instead he veered toward...

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