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Thread: Cowen confirms tax hikes will be part of Budget

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    Politics.ie Member Ulster-Lad's Avatar
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    Default Cowen confirms tax hikes will be part of Budget

    The Taoiseach Brian Cowen has given the clearest signal yet that tax hikes are on the way in December's Budget.

    Mr Cowen said the international markets have to be convinced by the four-year Budget strategy that Ireland is willing to deal with fixing the public finances.

    There is currently a €18bn difference between income and expenditure by the Government.

    The Taoiseach said tax hikes will have to be part of the solution.

    Mr Cowen said: "We have to come forward with a four-year framework to reduce the gap considerably through growth in the economy, tax increases and expenditure cuts."
    Cowen confirms tax hikes will be part of Budget | BreakingNews.ie

    Does he realise you can't get blood out of a turnip? He is placating to the international markets.
    ‘The Great only appear great because we are on our knees: Let Us Rise!’ “ (James Larkin)

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    The little man will be made pay for their mistakes unless the little man stand s up for himself.

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    Me and a load of people i know are barely hanging on as it is. Another 100quid a month off me in this budget and i might as well give up.

    Australia is looking good right now...and i have a job but its just not worth it anymore.

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    Quote Originally Posted by Ulster-Lad View Post
    Does he realise you can't get blood out of a turnip? He is placating to the international markets.
    Ermm....that's because owe them billions of euro. And need to borrow more. What do you suggests he does to the international markets? Wind them up??

    Blood out of a turnip? How about a few quid out of the multi-millionaires who have sold land to developers and the NRA this past ten years?

    All those billions. They haven't gone away, you know.

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    If this was Sim City, the city would empty after this budget.

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    Politics.ie Member libertarian-right's Avatar
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    Quote Originally Posted by antsrathcam View Post
    All those billions. They haven't gone away, you know.
    Even if you did trample and suck these guys dry, its not a tap where you can suck billions out every year. We need at least 20 billion a year for the deficit.

    Explain to me why even with the introduction of the income levies and even doubling them, income tax is still going down?

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    Quote Originally Posted by SocialistPiggy View Post
    If this was Sim City, the city would empty after this budget.
    If this was Sim city I would be wonder why somebody decided to play such a hard game while tired and emotional.

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    Politics.ie Member fizzgig's Avatar
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    I've already started scouting out a cave up the mountains, some work on it over the autumn and it should be ready for habitation Dec 7th. It's about all I'll be able to afford after the budget.

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    Politics.ie Member HarshBuzz's Avatar
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    Quote Originally Posted by libertarian-right View Post
    Explain to me why even with the introduction of the income levies and even doubling them, income tax is still going down?
    less people are working and those that are have got reduced incomes?
    “'retail deposit flight, I don't see that as a great danger. Ireland is an island” - Brian Lenihan - to hundreds of international investors

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    Sure why wouldn't they? They might as well hike VAT and income tax up another 10%, none of us are going to do anything about it! Me included! We're just a nation of f**king spineless drunken wasters, and we deserve everything we get.

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