Budget 2024: Social Justice Ireland calls for €25 hike in weekly social welfare rates and child benefit to rise by €50 a month
“Government will repeat the mistakes of last year and deliver a regressive budget if does not prioritise income adequacy over one-off payments,” says the SJI submission. “Instead of again relying on one-off payments, Government must make income adequacy and the benchmarking of social welfare rates to average earnings a key focus of Budget 2024.”
SJI is also seeking the restoration of the bereavement grant, extension of the fuel allowance to working-poor families with children and a piloting of a universal basic income for carers. Targeted tax reforms will be needed, it said – including an increase in capital gains tax and capital acquisitions tax from 33 per cent to 35 per cent, as well as a 2 per cent increase in the minimum effective tax rate for those earning €400,000 or more annually.
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