Third income tax rate of 30% still under consideration

A third income tax rate of 30% is still under consideration ahead of the Budget.

Multiple Cabinet ministers are attending the National Economic Forum today to hear pitches for how to spend the budget surplus.

It gives the chance for lobby groups to outline their demands across various sectors, including housing, hospitality and social welfare.

Finance Minister Michael McGrath says a review is being carried out on the potential introduction of a new income tax rate:

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