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13th Jul 2018

Middle income families set to get tax break in the upcoming budget

Melissa Carton

Great news for a lot of families.

Middle-income earners are set for a tax cut in the upcoming budget with political party Fianna Fáil saying it is open to discussing reductions.

The Taoiseach Leo Varadkar has pledged to help cut taxes for families who make up ‘middle Ireland’.

The leaders of both the Fine Gael and Fianna Fáil party are scheduled to meet in the following days to “review” the agreement and discuss what the priorities are for Budget 2019.

According to Mr Varadkar said;

“The focus of Government now is absolutely on the job….that’s my focus now, not elections.”

It has not been revealed where the tax breaks will fall for middle-income earners or how much of a tax break that it will actually be.

My family fall into the ‘squeezed middle’ where we earn too much to receive any government assistance like medical cards, but not earning enough to afford private healthcare or similar necessities.

In recent years some middle-income families have found themselves needing to rely on food banks for groceries as they have no money left over for food after paying for rent/mortgage and bills, on top of school costs for their children.

If this tax break comes to fruition it could make a huge difference in the lives of many families just about breaking even every month.