Manifesto pledges on... the economypublished at 22:38 Greenwich Mean Time 4 February 2020
Sinn Féin:
- The party said it will abolish the Universal Social Charge (USC), which was introduced during the recession, on the first €30,000 earned.
- It will also oblige employers to pay a living wage where they can afford to do so.
- Sinn Féin said it will restore the eligibility age for the State pension to 65. (It is currently at 66 and will increase to 68 by 2028.)
Fine Gael:
- It aims to raise their annual pension by at least €25 a week, or €1,300 a year, over the next five years.
- It plans to introduce a new State Transition Pension for those retiring at 66.
- Fine Gael said it will change the point at which a person pays the higher rate of tax to €50,000 over the next five years.
- It said it will raise the USC exemption threshold from €13,000 to €20,500.
Fianna Fáil:
- The party said it will introduce a 4:1 spending to taxation policy ratio to ensure that for every euro in tax reduction from available financial resources at least four will be invested in services.
- It said it will reduce the USC rate from 4.5% to 3.5%.
- It would increase the standard rate income tax band by €3,000 for a single person and €6,000 for a couple.