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Jobbik Calls for Scrapping PIT for Young Adults

MTI-Hungary Today 2019.12.12.

Nationalist Jobbik is launching an initiative to scrap personal income tax for Hungarians under 29, parliamentary group leader Péter Jakab told a press conference on Thursday.

The measure would constitute and “immediate 15 percent wage hike” for some 800,000 citizens, he said. The costs would come to 40-50 billion forints (EUR 121-151m) which is available in the state budget, he said.

Such a step would improve the situation of a demographic especially prone to emigration, Jakab added.

In the featured photo: Péter Jakab. Photo by Attila Kovács/MTI