SF reveals €7.6bn stimulus plan as part of budget proposals
Today Sinn Féin launched its budget proposals for 2011, which includes a €7.6bn economic stimulus package over three and a half years. Funding for the stimulus plan would come predominately from the National Pension Reserve Fund (€7bn) with the remainder being raised through tax increases and cost-cutting measures in areas such as healthcare and education. By Alison Spillane.
Among the measures proposed are the introduction of a higher rate of income tax (48%) on earnings in excess of €100,000 and an income-linked wealth tax of 1% on assets of over €1 million, excluding farmland.