The Conservative Party of Norway, Høyre, has recently decided at its national meeting to pursue the elimination of the wealth tax. This initiative had previously been noted in 2020 but lacked urgency under former leader Erna Solberg. The current leader, Ine Eriksen Søreide, has emphasized that removing the wealth tax will be a key agenda point for her. The party aims to prioritize substantial tax cuts, including both the wealth tax and income tax, should they win the election in 2029, as outlined by their finance spokesperson, Nikolai Astrup.

Høyre believes that establishing competitive conditions for Norwegian businesses is critical to prevent the outflow of investments from the country and to make it more attractive to create and run businesses in Norway compared to neighboring countries. Astrup highlighted that the importance of achieving lower taxes for the general public cannot be overlooked, asserting that both the elimination of the wealth tax and income tax cuts will be top of their agenda if given power in the next electoral term.

Currently, the Norwegian Finance Ministry has estimated a need to find 18 billion kroner to support this ambitious fiscal plan. This figure emphasizes the financial challenges that Høyre will face while attempting to fulfill its promise to voters, stirring discussions about the sustainability and implications of tax policy changes in Norway as well as their impact on the economy and public services. The political landscape leading up to 2029 could be significantly influenced by Høyre's tax strategies and their potential acceptance by the electorate.