Fianna Fáil Spokesperson on Jobs Dara Calleary says tax measures unveiled by Sinn Fein today are bad for business and will be bad for jobs.

Reacting to the proposal to introduce a new 15.75% rate of Employers PRSI on a portion of salary in excess of €100,000, Deputy Calleary said, “These are exactly the sort of policies that are counter productive at a time when we are trying to attract high skilled, well paid jobs.  Initiatives such as this will repel future multinational investment as well as threatening existing jobs.

“An increase in PRSI will make it more difficult for Ireland to compete with other countries for much sought after investment and job opportunities.  Unlike Sinn Fein and it’s anti-jobs strategy, Fianna Fáil is a pro-enterprise party, which has developed incentives to attract FDI companies as well as ensuring that small and medium businesses have the supports they need to expand and grow”.