Elon Musk backs Hungary's tax breaks for mothers, says ‘good idea’

The policy aims to combat Hungary’s declining birth rates by encouraging family growth.

Elon Musk has praised Hungary’s newly announced tax exemption policy for mothers, calling it a "Good idea."

The Hungarian government recently unveiled a scheme where mothers with one child will be exempt from paying income tax until the age of 30, while those with two or more children will receive a lifetime income tax exemption.

Good idea https://t.co/pypG9lcXwS
Elon Musk (@elonmusk) March 16, 2025

The policy aims to combat Hungary’s declining birth rates by encouraging family growth. Musk, who has frequently voiced concerns about global population decline, has previously advocated for policies that support higher birth rates.