European Parliament Demands 10% Budget Increase and New EU Taxes for 2028-2034 Cycle
Key Points: The European Parliament voted to demand a 10% increase, adding nearly 200 billion euros to the next long-term EU budget. Lawmakers want to introduce five new European taxes to raise 58.2 billion euros annually without asking member states for more cash. Parliament members strongly oppose using the regular budget to pay off the massive COVID-19 debt from 2020. Political leaders promise a fierce...