Hungary’s minimum wage earners will receive full refunds of their personal income tax payments if the united opposition wins the April 3 general election, representatives of the Socialists, Momentum and the Democratic Coalition said on Wednesday.
The new government will strive to create a balance between employers and employees and protect workers by guaranteeing them a predictable environment, Socialist Party deputy leader Imre Komjáthi told a joint opposition online press conference.
The personal income tax system will be made fairer and lower earners will again be eligible for tax rebates,
he said.
Minimum wage earners will be refunded their personal income tax payments in full, leaving them with income of up to 1.5 times the minimum wage, Komjáthi said.
He also vowed that the new government would scrap the section of the Labour Code that provides for the possibility of 400 hours of overtime a year, known among the opposition and critics as the “slave law”.
- Read also: Significant tax cuts announced for 2022
Momentum MP candidate György Buzinkay said it was crucial to raise public sector wages and pensions in order to enable Hungary to catch up with more prosperous countries.
He urged the introduction of a European Union minimum wage and stressed the importance of supporting remote and flexible part-time work.
Democratic Coalition MP candidate Jacint Horvath said employers could be best supported in an economic environment where success is determined by the market.
He said the new government would launch a state venture capital and loan guarantee microloan scheme to support small businesses. Companies that invest in Hungary’s least developed regions will also receive government support, he said.
Read alsoFuel prices to skyrocket if the government abolishes price cap in February
Source: MTI
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3 Comments
Lies, and more lies. You can always tell when politicians are lying….Watch the lips, if they are moving they are lying. There is no free ride, someone always has to pay if a government gives something to someone who did not earn it. It is call redistribution, AKA socialism or communism. Out of office politicians will say and do anything to get back in power.
Better to remain with the ones in power than to get a bad government after an election.
Agree with Derrick Van der Lisle 100%.
Please hungarians, don’t fall for this ”free stuff” crap.
Great topic and a simple and beautiful explanation worth reading Thank you very much