{
  "id": 11429047,
  "title": "PBP proposes tax on millionaires, corporation tax hike",
  "url": "https://urgent.news/2026/10/02/pbp-proposes-tax-on-millionaires-corporation-tax-hike",
  "topic": "world",
  "section": "World",
  "published": "2026-10-02T11:44:41.000Z",
  "source": {
    "name": "RTE News",
    "slug": "rte-news",
    "url": "https://www.rte.ie/news/politics/2026/1002/1593791-pbp-budget/"
  },
  "original_language": "en",
  "account": "People Before Profit, a political party, has proposed a new tax on multimillionaires and an increase in corporation tax to 20% in their alternative budget package. The document, titled 'A Radical Budget for an Affordable Ireland', also includes a €500 electricity credit for each household, funded by a levy on data centres.\n\nAccording to TD Richard Boyd Barrett, taxing wealth and businesses could generate an additional €45 billion to address the cost-of-living and housing crises. He emphasized that taxing multimillionaires, big corporations, energy companies, and data centres could help protect people from housing and cost-of-living misery.\n\nParty colleague TD Paul Murphy argued that Ireland should not be held hostage by US corporations that use Ireland as a conduit to a corporate tax haven. He criticized the widespread belief in the high productivity of workers in the multinational sector, stating that profits are often funneled from elsewhere and artificially attributed to Ireland.\n\nOther measures proposed by the party include a 10% pay rise for public sector workers, raising disability payments to €350 per week, and an additional €55 per week in disability benefits. People Before Profit also aims to abolish fees for third-level education and childcare, as well as purchase 500 additional electric buses.\n\nIn terms of housing, the party plans to triple spending on public housing and transform the Land Development Agency into a State construction company.",
  "summary": "People Before Profit is proposing a new tax on multimillionaires as well as increasing the corporation tax to 20% as part of its alternative budget package.",
  "key_points": [
    "People Before Profit proposes tax on multimillionaires",
    "Corporation tax increased to 20%",
    "€500 electricity credit for households funded by data centre levy"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}