Elon Musk, the tech mogul, Trump ally, and driving drive behind the cost-cutting Division of Authorities Effectivity (DOGE), has voiced his help for a brand new coverage launched by Hungary’s authorities underneath Prime Minister Viktor Orbán, which is able to exempt moms from revenue tax, providing them vital monetary aid.
Orbán, who’s led Hungary for 14 consecutive years now, hailed the brand new coverage as “the biggest tax reduce in Europe and the whole Western world, declaring in a put up to social media that Hungary is “making historical past by constructing the world’s first family-centered financial system.”
Hungary is making historical past with the biggest tax reduce in Europe & the whole Western world!
We’re constructing the world’s first family-centred financial system:
One-child moms exempt from revenue tax till they flip 30.
Two or extra youngsters? No revenue tax for all times!Securing the… pic.twitter.com/iGY96p5LiZ
— Orbán Viktor (@PM_ViktorOrban) March 16, 2025
The brand new coverage, introduced throughout Prime Minister Orbán’s annual State of the Nation tackle on Hungary’s Nationwide Day, goals to spice up the nation’s birthrate and eradicate the necessity for what the UN refers to as “substitute migration.”
It additionally provides vital revenue tax aid, exempting moms with one baby from revenue tax till they flip 30, and grants lifetime revenue tax exemptions to moms with two or extra youngsters.
The newly introduced initiative builds upon an current coverage that gives lifelong revenue tax exemptions to moms with 4 or extra youngsters.
Musk responded to Orbán’s announcement on X, previously Twitter, endorsing the coverage in a brief however impactful response. “Good concept,” he wrote in a retweet of a put up by the Visegrád 24 account.
Good concept https://t.co/pypG9lcXwS
— Elon Musk (@elonmusk) March 16, 2025
As a father of a number of youngsters, Musk has consisently argued that the true disaster going through the globe—and extra particularly the Western world—isn’t overpopulation however the precipitous drop in delivery charges.
The tech mogul has constantly urged governments worldwide to implement insurance policies that sort out inhabitants decline. Opposite to the views of left-liberal globalist thinkers like Yuval Harari, Musk argues that technological and financial progress depend on secure inhabitants development.
So, it’s no shock that Musk is totally supporting Hungary’s daring initiative.
The regulation, extra particularly, seeks to elevate up single moms, whose poverty charges is way increased than different households.
Anna Nagy, head of Hungary’s Single-Mum or dad Heart, highlighted in an interview with the nation’s main newspaper, Magyar Nemzet, that just about 36% of single mother and father stay in monetary hardship. With girls constituting 81% of those single-parent households, this tax break offers an important lifeline. Nagy additionally famous that roughly 26% of single-parent households are elevating two youngsters, whereas 8% are elevating three or extra.
“If we take a look at it, we’re speaking about practically 100,000 households affected by this measure, and accordingly the dwelling situations of greater than 100,000 youngsters might enhance within the coming years,” Nagy advised the paper.
With Hungary taking this proactive step, it might probably spark related actions from different governments searching for options to the continent’s inhabitants disaster.
Days earlier, the Fidesz parliamentary group submitted an modification to the Elementary Legislation, which goals to bolster Hungary’s core values. The important thing modifications concentrate on defending the household unit and Hungary’s historic nationwide id, prioritizing the well-being of youngsters, and strengthening nationwide safety measures.
“Our aim is to protect Hungary’s basic values for future generations. Ahead, Hungary!” the parliamentary group said.
