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Coalition Fractures After D66 and CDA Back Scaled Miljonairsbelasting

The deal risks collapsing the minority Jetten cabinet by prompting an extra debate and a decisive Tweede Kamer vote today.

Overview

  • D66 and CDA reached an agreement with PRO and Volt on 11 November to adopt a trimmed package that shifts roughly €1 billion from labour to capital and includes a top rate of 38.5% on investment income above €60,000.
  • The VVD says it was "overvallen" by the move and has demanded a "fundamentele reset" of coalition cooperation, warning it may rethink its role in the cabinet if D66 and CDA vote for the amendment.
  • The Tweede Kamer opened an extra debate this morning and will hold votes later today, creating an acute risk the Jetten minority cabinet could fall before the tax measures must be coded into Belastingdienst systems ahead of late‑November deadlines.
  • With the coalition holding 66 seats, support from small parties and individual MPs such as ChristenUnie, 50PLUS and Groep Markuszower is decisive and several have signalled questions or reservations about the amendment.
  • Business groups voiced frustration at the political turmoil and analysts say the dispute—small in budgetary terms but symbolically charged—now forces choices between a repair attempt, a midterm reformation effort, or snap elections.