A pre-budget submission, calling for increased funding for public services and measures to alleviate the housing crisis has been published by the Irish Congress of Trade Unions (ICTU).
The paper, “Building a shared and sustainable future,” recommends greater healthcare and education funding, the establishment of a public affordable housebuilding scheme, greater investment in a just climate transition, and the establishment of a Brexit adjustment fund.
It argues that increased public spending is necessary to enhance infrastructure, while warning that tax cuts could result in overheating and harm the economy in the long-run.
It also suggests several progressive measures to raise revenue and fund greater public service investment. These include raising employers PSRI on incomes over €100,000, reforms to capital accusation tax, a higher excise tax on diesel, and a new tax on single use plastics.
The paper cites a number of risks to the Irish economy including Brexit, the climate crisis, precarious work and inequality and the housing and homelessness emergencies.
Other recommended measures include addressing Ireland’s two-tier health system, enhancements to planned pension reforms, and a greater policy emphases on Irish small and medium businesses, rather than US multinationals.
Read the submission HERE.