Workers can expect €415 extra after budget - O'Reilly
He's lauding the measures introduced in the recent budget.
A local Senator says workers can expect an average of €415 back in their pockets once budget measures are passed by the Oireachtas.
Senator Joe O’Reilly says the Finance Bill 2021 will help an estimated 135,000 workers by increasing the minimum wage and provide up to €30,000 to prospective homeowners in Cavan by extending the enhanced Help to Buy Scheme.
“This week we see legislation coming before the Oireachtas directly targeted at tackling the cost of living; people’s tax burdens will be reduced, income tax cut-off points will be raised, and personal tax credits will be increased”, he said.
According to Senator O’Reilly, Fine Gael policy is focused on raising income tax cut-off rates to tackle the cost of inflation, including with section six of the Finance Bill, which he says contains a range of tax band and credit measures, including a €1,500 increase in the standard rate tax band cut-off point.
“Combined, these measures will be worth over €800 to couples in Cavan on an average wage. This is real money that people will feel back in their pockets, money that will contribute to local communities across Cavan.”