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Last week, Young Fine Gael made an excellent attempt to outdo their daddy party in the contempt for the commoners race when their proposal of an “Earned income Tax Credit” surfaced on Broadsheet.ie.
In a recommendation full of political buzzwords that comes right out of an essay by a 3rd year Law and Economics student, this proposed ‘twofold strategy’ would see a ‘restructure’ of how minimum wage is paid by employers which would take €2 off what businesses had to pay minimum wage employees. So instead of the 8.65 employers would normally pay an experienced employee, they would pay only 6.65. For workers under the age of 18, this new pay rate would see them be paid only 4.06 by employers. But don’t worry folks, that two euro that your boss isn’t paying you will be given back to you in the form of a tax credit by the government (read taxpayers/yourself) so it all works out even in the end right? Read the rest of this entry »