Hungary's New Power: Magyar Wants Presidential Resignation and Wealth Tax

Hungary is undergoing rapid changes following Viktor Orbán's departure from power. Péter Magyar and his Tisza party won April elections with a two-thirds parliamentary majority. The new government plans to remove the president and introduce higher taxes on the wealthiest citizens.

Hungary is experiencing far-reaching political changes following longtime Prime Minister Viktor Orbán's departure from power. In April's parliamentary elections, Péter Magyar and his Tisza party secured a clear two-thirds majority, giving the new government the constitutional mandate needed to amend the constitution.

Conflict with the President

One of the first major points of contention is Magyar's conflict with the current president. The new government's leaders have made clear their desire to remove the head of state from office, using the two-thirds constitutional majority they now hold in parliament. The precise timing and procedure have not yet been fully disclosed, but the political will is evident.

Wealth Tax Planned

The second major reform agenda is taxing the ultra-wealthy. Magyar and the Tisza party have promised to introduce higher tax rates for Hungary's most affluent citizens. Supporters view this step as necessary to reduce the inequality that grew during Orbán's tenure and to fill state coffers to fund reforms.

A two-thirds majority in parliament is a rare occurrence in Hungarian politics and gives Magyar extraordinary opportunities to reshape the country. However, it also carries great responsibility, as constitutional amendments can now be passed without opposition support.