Hungary introduces tax relief to boost birth rates

Hungary has introduced new tax exemptions for women to encourage higher birth rates. Women with one child will be exempt from income tax until age 30, while those with two or more children will have lifelong exemptions. This policy expands an existing exemption for mothers with four or more children. Prime Minister Viktor Orbán described it as a significant step in Hungary's economic history. Elon Musk endorsed the initiative on social media, calling it a "Good idea." He has previously expressed concerns about declining birth rates and their impact on civilization.