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  5. Hungary just canceled income tax for new moms in their 20s. It's the country's latest attempt to fix its long-term labor shortage.

Hungary just canceled income tax for new moms in their 20s. It's the country's latest attempt to fix its long-term labor shortage.

Jacob Zinkula   

Hungary just canceled income tax for new moms in their 20s. It's the country's latest attempt to fix its long-term labor shortage.
  • Hungary is eliminating the income tax for mothers under the age of 30.
  • It's one of several moves the government has made in recent years to try and boost its birth rate.

In the United States, a $4 and $4 have raised concerns that the $4.

It's $4 facing this problem, however. One European nation recently unveiled a new proposal it hopes will help turn the tide.

As of January, women in Hungary who $4 "will be exempt from paying personal income tax" for the $4, Balázs Orbán, political director of Hungarian Prime Minister Viktor Orbán, $4 in a $4.

"Hungary extends its family-friendly policies," he said.

In the first quarter of 2022, a $4 87,000 jobs were reportedly left unfilled in Hungary, and the problem could persist in the decades to come. Since 1975, the country's $4 has fallen from 2.4 births per woman to 1.6 as of 2020, dipping below the 2.1 $4 required to maintain population growth absent an increase in immigration.

The situation has led the Hungarian government to make a $4 in recent years in an effort to boost its workforce. It previously eliminated the income tax for workers until the age of 25 — to incentivize young workers to find jobs — and mothers $4.

Tighter abortion laws have also accompanied Hungary's push to boost its birth rate. While abortion in the first 12 weeks of pregnancy has been $4, the government issued a decree last September $4 to provide mothers with "clearly identifiable indication of fetal vital signs" before they decide whether to terminate the pregnancy. It's possible $4 could follow.

While increased $4, Hungary's immigration policies — which are among the strictest in Europe — $4 and are partially responsible for the labor shortage. The government has also been accused of $4, which likely hasn't helped attract immigrants either.

"For the West, the answer is immigration," Prime Minister Orbán $4. "For every missing child there should be one coming in and then the numbers will be fine. But we do not need numbers. We need Hungarian children."



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