Noonan promises tax cuts for middle-income earners

Finance Minister Michael Noonan says he wants to cut income taxes on middle-income earners in the next Budget.

Michael Noonan says people on average salaries fall into the higher tax band too soon - and he wants to change that.

He says he will be adjusting the bands over the next two Budgets to cut the tax burden on the average worker.

He said that there is good reason to believe that the economy is beginning to recover for good.

"Things are moving in the right direction," he said.

"We haven't completed the job yet, but there's a lot of reason to be hopeful that after so much sacrifice and so much suffering that people eventually are going to have something to look forward to."

Speaking at the launch of the Labour party's local and European election campaign, Eamon Gilmore said that he also supported the move, but it was too early to speculate.

"I've said before that as financial circumstances permit, that we would all hope to relieve the burden taxation on hard-pressed families" he aid.

"But this is the month of May, the 2015 Budget won't be determined until October, and I think it's too early to be speculating what may or may not be in either this year's budget or next years."

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