
by Alan Jacques
PUTTING more money in the wage packet of working families and investing in public services are the two key goals of the Labour Party’s economic plan.
And Education Minister Jan OโSullivan has promised that the plan will ensure that low and middle-income families benefit most from the growing economy.
“75 per cent of available resources will be invested in vital projects such as smaller classes sizes, affordable childcare and job creation. The other 25 per cent will go to reducing the tax burden on working families. This is a plan that puts our community first,” the Limerick Labour Party TD explained.
Labour’s economic plan includes: abolishing USC on the first โฌ72,000 of income; reforming PRSI to give additional relief to workers earning between โฌ18,305 and โฌ36,608; increasing the bank levy by โฌ350m, creating 50,000 apprenticeships and traineeships over the next five years; extending free GP care to all citizens; ending the long-term use of prefabs in our schools, and ensuring that parents don’t pay more than โฌ2 per hour for childcare
Minister OโSullivan maintains this is an “ambitious and realistic plan”.
“Families across Ireland have worked hard to restore our economy. Labour wonโt put that progress at risk. Our five-year plan is based on independent growth forecasts of 3.1 per cent between now and 2012. This will ensure we balance the budget and reduce our national debt while investing in our society.
“Our plan is focused on families who have paid a high price for the disaster that Fianna Fรกil visited on the country. All across Limerick, families need a break. Reducing childcare costs, lessening the tax burden and investing in our schools and health services will deliver a better quality of life. Our economy is recovering. Labour will ensure that our social recovery goes hand-in-hand with that.”