Budget widens rich-poor gap by €506 a year
Budget 2016 was the fifth regressive Budget in a row. While it was not as regressive as in previous years and contained some gain for everyone, there was much more for the better off and far less for poor and vulnerable people.
While single unemployed people will gain €95 a year, single people earning €75,000 will gain almost ten times as much i.e. €902. In the case of couples, the unemployed will gain €157 a year while a couple with two earners on €125,000 a year will gain nine times as much i.e. an extra €1,408 a year.