Agenda Profile: Martin Helme

Draft law amending the Income Tax Act (566 SE) – First Reading

2025-04-09

15th Estonian Parliament, 5th session, plenary session

Political Position
The political position strongly advocates for the implementation of a bank tax to support the middle class and working people instead of bankers. The framework is value-based, emphasizing the necessity of taking money from the "sacred cow" (the banks) to increase state budget revenues and avoid cuts. The speaker positions himself as a defender of ordinary people against the financial elite, noting a similarity to the positions held by Donald Trump. The objective is to oppose government policy that burdens the common person while sparing the banks.

3 Speeches Analyzed
Topic Expertise
The speaker demonstrates knowledge of financial market topics by asking for the Euribor forecast and its connection to the legal context. Reference is also made to legislative solutions concerning the bank tax in other countries (Lithuania), highlighting the increase in Lithuania's budget revenues by hundreds of millions. The discussion addresses the question of whether the economy would suffer if conditions for banks deteriorated, showing interest in the impact of the tax.

3 Speeches Analyzed
Rhetorical Style
The style is combative, passionate, and sharply critical, employing strong emotional appeals and stark contrasts (e.g., "sacred cow," "despicable mindset"). Comparisons are utilized (Donald Trump, Lithuania) alongside extensive lists to criticize the government's tax hikes and budget cuts. Opponents (Aivar Sõerd) are personally attacked, with references made to a "scornful smirk" and the labeling of the draft bill as flawed.

3 Speeches Analyzed
Activity Patterns
The address took place within the framework of a legislative debate (the first reading of the draft amendment to the Income Tax Act). The speaker references repeated previous attempts to introduce a bill for an extraordinary bank tax. Donald Trump's recent speech was also mentioned, which indicates active monitoring of international politics.

3 Speeches Analyzed
Opposition Stance
The opposition is directed at the right-wing coalition, which is being criticized for sweeping tax hikes (including car, income, sales/VAT, excise duties, and land tax) and social spending cuts. Particularly sharp criticism is aimed at the immunity granted to banks (specifically Swedish banks). Aivar Sõerd is being criticized for procedurally and substantively undermining the draft bill, despite the positive experience seen in Lithuania.

3 Speeches Analyzed
Collaboration Style
The speaker acknowledges their colleague (Aivar) for the committee work overviews, noting that this is an exceptional and positive practice within the current composition. There are no indications of a broader, cross-party compromise on the bank tax issue, given that the draft bill has been repeatedly submitted by the opposition.

3 Speeches Analyzed
Regional Focus
The focus is on national tax policy and budget cuts, as well as international comparisons (USA, Lithuania). Regional services are subject to criticism concerning the closure of rural schools, the reduction of road construction and maintenance, and cuts to extracurricular education.

3 Speeches Analyzed
Economic Views
Strongly supports the redistribution of wealth through an extraordinary bank tax in order to protect the middle class and working people. It opposes widespread tax hikes (VAT, income tax, excise duties) and cuts to public services, arguing that the money should be taken from banks, not from the pockets of ordinary people. It expresses skepticism about the collapse of the economy if banks' profits are taxed.

3 Speeches Analyzed
Social Issues
Attention in the social sector is centered on the government’s budget cuts, with specific criticism aimed at the removal of family benefits and the health insurance previously afforded to mothers staying home with children. Furthermore, the closure of rural schools and the reduction in funding for extracurricular activities are also being criticized, demonstrating concern over the accessibility of public services.

3 Speeches Analyzed
Legislative Focus
The primary legislative focus is the initiation and support of the draft bill establishing an extraordinary bank tax (Draft Act 566 SE amending the Income Tax Act). The speaker is the initiator/supporter of the bill, who emphasizes that a similar draft has been repeatedly presented to the Riigikogu (Estonian Parliament), using the example of Lithuania as justification.

3 Speeches Analyzed