Politics

McGrath hints further cuts to USC and income tax are likely in Budget 2025

The Minister for Finance told the Fianna Fáil Ard Fheis that a static tax system was “not acceptable”

Michael McGrath, the minister for finance, has signalled his intention to make further cuts to the USC and income tax next year

Michael McGrath, the minister for finance, has signalled his intention to make further cuts to the USC and income tax in the final budget in the lifetime of the current government.

Speaking at the Fianna Fáil Ard Fheis in Dublin, McGrath said it’s his intention “to make further changes for employees, pensioners and the self-employed.

“It is our view that work should always pay and it is not acceptable to have a tax system that ...