Uncategorized

‘Good idea’: Elon Musk backs Hungary’s historic tax cuts for mothers in bid to boost 𝐛𝐢𝐫𝐭𝐡 rate

This initiative expands upon an existing policy that grants permanent tax relief to mothers with four or more 𝘤𝘩𝘪𝘭𝘥ren.

Elon Musk hailed Hungary for its new tax exemptions for women with 𝘤𝘩𝘪𝘭𝘥ren and called it a “good idea.” Hungary announced the new policy in an effort to address declining population growth ahead of the vital 2026 elections. According to new policy, women who have one 𝘤𝘩𝘪𝘭𝘥 will be exempt from income tax until the age of 30, while those with two or more 𝘤𝘩𝘪𝘭𝘥ren will receive lifelong income tax exemptions.

This initiative expands upon an existing policy that grants permanent tax relief to mothers with four or more 𝘤𝘩𝘪𝘭𝘥ren. Hungarian authorities hailed the decision as a “global sensation” and a “new chapter” in the nation’s economic history, emphasising its goal of boosting 𝐛𝐢𝐫𝐭𝐡 rates.

During his State of the Nation address in Budapest, Prime Minister Viktor Orbán announced that tax exemptions for women with three 𝘤𝘩𝘪𝘭𝘥ren would take effect in October 2025, while those for women with two 𝘤𝘩𝘪𝘭𝘥ren would begin in January 2026.

“This will be a huge expense, but the reviving economy, the measures to support businesses and full employment combined are capable of paying for this in a way that the budget deficit and public debt both decline,” the Hungarian Prime Minister said.

Additionally, as part of broader economic measures, Hungary will cap housing loan interest rates at 5% starting in April. PM Orbán described the tax relief initiative as “the biggest tax reduction program in Europe.”

Prime Minister Viktor Orban took it to X and said, “Hungary is making history with the largest tax cut in Europe & the entire Western world! We are building the world’s first family-centred economy: One-𝘤𝘩𝘪𝘭𝘥 mothers exempt from income tax until they turn 30. Two or more 𝘤𝘩𝘪𝘭𝘥ren? No income tax for life! Securing the future of Hungarian families for decades to come.”

Related Posts

Brilliant Nigerian man wins UK Commonwealth scholarship, bags 2 masters degree with distinctions at UK universities

A brilliant Nigerian scholar named Oladimeji Shotunde has achieved an extraordinary academic feat, earning two master’s degrees with distinction in the United Kingdom through fully funded scholarships. In…

Exceptional Nigerian man graduates as Lawyer with double first class grade, wins 18 awards & ₦5million cash prize

An exceptional Nigerian man named Oluwabusayo Ifonlaja has achieved an extraordinary academic feat, graduating with double first-class honors in Law and earning multiple awards for his outstanding performance….

𝗚𝗢𝗗𝗦 𝗢𝗙 𝗘𝗚𝗬𝗣𝗧 𝟮

La paz en Egipto es efímera. Cuando una deidad olvidada emerge de las sombras, ejerciendo un poder más antiguo y oscuro que el mismísimo Ra, el frágil equilibrio…

𝗥𝗘𝗗 𝗢𝗡𝗘 𝟮

La aventura navideña está lejos de terminar. En Red One 2 (2026), la saga de acción navideña más épica continúa con batallas más grandes, acrobacias más locas y…

Drive 2 (2025)

Los motores rugen con más fuerza que nunca en Driven 2, la trepidante secuela que desborda adrenalina con pasión. Vin Diesel y Sylvester Stallone protagonizan este trepidante drama…

Immortals 2

Ambientado años después de la caída del Rey Hiperión, Immortals 2 retoma un mundo mitológico que aún se estremece tras la guerra. Teseo (Henry Cavill), antaño un intrépido…

Leave a Reply

Your email address will not be published. Required fields are marked *