The Portuguese government plans to reduce taxes for individuals aged 35 and under to prevent emigration and attract foreigners. The proposal, part of a budget presented by Prime Minister Luís Montenegro, aims to eliminate income tax for young earners up to €28,000 for the first year, gradually increasing over ten years. While the government believes this will retain young talent, critics argue it does not address the high cost of living and housing, with many young Portuguese still choosing to emigrate.