Increase in pay packets for many on first pay day of 2016 - D'Arcy

Published on Friday, 08 January 2016 15:40

Fine Gael Senator Michael D'Arcy , has said that the USC changes introduced in Budget 2016 will be evident to thousands of people who are getting paid today (Friday) for the first time in 2016. “Budget 2016 introduced a cut to the USC for low to middle income earners from 7% to 5.5%, reducing the tax rate to below 50%. The entry point into USC has also been increased to €13,000, exempting 90,000 low earners from the USC - 700,000 workers now pay no USC at all. All of these changes came into effect on 1st January and will be visible in pay …

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It’s official - middle and low earners would have gained significantly less under a Fianna Fáil budget

Published on Thursday, 15 October 2015 14:49

Michael D'Arcy has highlighted the significant differences in how people would have fared under this week's budget and the alternative budget proposed by Fianna Fáil.  Fine Gael cut the main rate of USC from 7% to 5.5% in Budget 2016 while Fianna Fáil refused to cut the main rate of USC in its alternative budget. “This week's budget gave more than 1 week's wages back to all low and middle income earners. These people would have benefitted significantly less under Fianna Fáil. A person earning €20,000 will benefit by €493 as a res …

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Budget 2016 will encourage job growth and help employers

Published on Wednesday, 14 October 2015 14:20

New tax credit for self-employed, increased minimum wage and reduced employer PRSI Budget 2016 is good for job creation and good for local businesses. “One in three jobs created in the economy come from small business, tradespeople and local employers. All of these self-employed business people will now be able to claim the Earned Income Tax Credit of €550. This will begin the process of tax equalisation for the self-employed and PAYE workers. “Capital Gains Tax (CGT) has also been an issue for entrepreneurs who have built a successful …

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126,000 new jobs and 91% are full time – D’Arcy

Published on Thursday, 10 September 2015 14:32

The fact that 91% of the 126,000 jobs added to the economy since the launch of the Action Plan for Jobs are full-time, is extremely encouraging and an indication of a strong economy, that is growing”, says Fine Gael Senator for Co. Wexford, Michael D'Arcy. “According to CSO data, we have now had 11 consecutive quarters of jobs growth and in the last two years, part-time work has fallen, while full-time jobs have grown. The number of people working variable hours is down by 50,000. “When this Government took over in 2011, we were faced w …

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D'Arcy urges income tax cut in Budget 2015

Published on Tuesday, 27 May 2014 15:34

The best economic stimulus possible is to put money back in people's pockets. Lowering taxes for hard pressed Irish workers will significantly benefit the wider economy. Paying a marginal tax rate of 52% simply acts as a disincentive for people to work and spend in the economy. I have spoken on several occasions to Minister Noonan about this and I strongly welcome his stated intention to reduce personal taxes for hard pressed middle income earners if possible. This would have the effect of putting money back in the pockets of public and pri …

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Budget gives green light to entrepreneurs and SMEs – D’Arcy

Published on Wednesday, 16 October 2013 19:49

Exemption on tax of up to €40,000 per year for entrepreneurs Fine Gael Senator for Wexford, Michael D'Arcy, has said that measures announced in today's Budget will provide a boost to entrepreneurs and SMEs. Start Your Own Business scheme - €40K tax free “I am delighted that entrepreneurs and start-up businesses are being targeted for supports. The Government is putting in place a major package of new supports for start-up and growing businesses. “The Start Your Own Business scheme will enable long term unemployed people to have a tax …

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Generations of Public Service

michael darcy Did you know Michael Darcy Senior (Michael's Father) has served as a public representative for North Wexford and Fine Gael since the 70's, playing a huge part in various projects and amenities.

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fine gael If you wish to discuss something or are looking for assistance on a project or issue important to you we welcome your query. Appointments can me made to visit my constituency office in Gorey and as a public servant my doors are always open.

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