Search Results for 'Deficit reduction in the United States'

Fine Gael TD for Galway West, Brian Walsh, has said that the Government must use next week’s Budget to continue to reduce the amount of taxes paid by workers.

The country is insolvent with a deficit of €20bn and national debt of in excess of €300bn. We must find massive savings in current spending leading to a reduction in the deficit and thus a reduction in borrowing. Increasing taxes will have some albeit a limited benefit as they generate diminishing return in line with the increases levied. So we must close the gap elsewhere.