Labour leader Ivana Bacik has said her party is "relentlessly focused on keeping household bills down in the cost of living crisis".
Publishing its alternative budget, the party is proposing targeted energy credits worth €400 to households earning less than €80,000.
Further measures to tackle the soaring cost of energy include the extension of excise reductions and the reduction of VAT on home heating oil to 9%.
Labour says Ireland can afford to increase core social welfare payments by €15 per week - it also wants to increase public sector pay and index income tax rates and bands in line with a projected wage growth of 4%.
Labour, along with other opposition parties, is suggesting a second, targeted rate of child benefit to, as it says, "lift tens of thousands of children out of poverty".
Finance spokesperson, Ged Nash, said that "the very best way to make our country fit for the future means we must declare war on child poverty, and we must mean it".
"It's an utter indictment that child poverty is rising under this government’s watch, and at a time when we have never had so much money."
Labour wants to fund 6,000 new public childcare places and cap childcare costs to €200 per month over two years.
It is also proposing higher maternity benefits and increased parent’s leave.
Labour would also reverse the cut in the VAT rate for the hospitality sector - a measure it says would save €720 million.
