Minister Lenihan must explain scandal of company directors earning €500,000 gaining €7,700 in Budget while the lowest paid workers lose up to €,2000
The bombshell discovery by tax consultant, Ciarán O Feinneadha as reported in Raidio na Gaeltachta yesterday, that Tuesday’s dudget benefits self employed and most company directors to the amount of an incredible €7,700 while workers on the minimum wage could lose up to €2,000 beggars belief. Minister for Finance Brian Lenihan must make a public statement immediately. This makes a mockery of his claim that this was a ‘fair’ Budget.
As a result of the introduction of the merging of the health and Incomes levies into the Universal Social Charge changes, the self employed and company directors begin to benefit increasingly from an income of about €250,000 per year. Ciarán O Feinneadha subsequently has informed me that by his calculations someone with an income of €1 million would benefit to the tune of €22,698!
This makes a mockery of Minister Lenihan’s claim that those who earn more would be hit hardest in the budget. This is just one more reason to repudiate this budget and to intensify the struggle against it and the savage general programme of austerity.
Less than two weeks after the Euro Election campaign a Euro related charade is about to be visited on the Irish people. We are now being told that the FiannaFail/Green Party Coalition Government will present us with the Lisbon Treaty for a vote in late September or early October as soon as the EU Heads of State agree ‘legal guarantees’ apparently clarifying what the Treaty really means.
The “Treaty on Stability, Coordination and Governance in the Economic and Monetary Union” is a treaty to institutionalise synchronised austerity across Europe at the expense of basic democratic rights. If implemented, it will mean a further assault on the living standards of working people and will further deepen the economic crisis.
The "What's Left” survey published by the Irish League of Credit Unions makes for grim reading. Even a glance at the figures presented by this nationwide survey of 1,000 people blows apart any hope or illusions that people are coping with this crisis or optimistic about the future.
Cian Prendiville has been active on many issues in Limerick. Cian helped organise student protests against fees in UL. He has actively assisted workers at Dell, Mr Binman and Element 6 fight on issues from pay cuts to redundancies.