Economy
Dutch Cabinet Plans to Scrap Social Security Cuts, Shifts Right on Box 3
The Dutch cabinet intends to cancel planned cuts to social security benefits, such as unemployment and disability allowances, signaling a move toward left-wing parties. Simultaneously, it is advancing a right-leaning proposal for a full wealth tax on savings and investments by 2028 to comply with court rulings. This shift aims to address revenue shortfalls caused by abandoning previous austerity measures. Prime Minister Rob Jetten and Finance Minister Eelco Heinen are consulting with opposition parties, including JA21, SGP, and ChristenUnie. CU leader Mirjam Bikker indicated that while no formal agreement exists yet, the cabinet has listened to opposition concerns and established a basis for further discussions.
Ozetta summarises; the reporting is the newsroom's