Cork Sinn Féin to Launch Family Tax Campaign today

Cork Sinn Féin to Launch Family Tax Campaign today

Cork Sinn Féin will launch the party’s campaign against family taxes today at 1pm outside the GPO on Oliver Plunkett Street.

Speaking in advance of the event, Cllr Chris O’Leary said:
“The 7% Universal Social Charge and the proposed water and household charges are flat taxes which will hit working families the hardest.”
“The new household charge will be levied at exactly the same rate on every householder regardless of their income. This places the heaviest burden on those who have the least, and is grossly unfair.”
“Ordinary families are being made pay the cost of bailing out the bankers and paying off international bondholders.”
“There are alternative ways of reducing the budget deficit, and Sinn Féin has repeatedly laid them out. These include:
· Increasing Capital Gains Tax from 25% to 40%, to raise €195 million
· Increasing Capitals Acquisitions Tax from 25% to 35%, to raise €110 million
· Introducing a new 48% tax on income over €100,000, which would raise €410 million
· Standardising discretionary tax reliefs, which would raise €610 million.

“We launch our campaign against family taxes in Cork today, and will be following it up with public meetings, leafleting campaigns and other events across the city between now and the budget.”

For further information or comment contact Cllr Chris O’Leary @ 087-2794307