Emergency National Debt Preventive Budget Plan for Matterhorn

Proposed by All Matterhorn Forward Bloc · Passed 26 Nov 2022

✅ Passed

Rationale

The national debt of our country is increasing every year by 37 Billion Dollars in the previous plan making poors poorer. The new budget plan decreases the taxes on Low and Medium income groups so that the major economic group can grow, and imposes a good amount of tax on High and Elite earners. Also we have set the new budget proposal such that the basic needs of the country like Healthcare, Education, Social Welfare and Housing projects can run better than before, thus giving a surplus of 10 Billion Dollars per economic year. Moreover, when we will be out of the debt trap, we will reconsider the budget so that high and elite earners can get some relief from the tax burden, making Matterhorn economy thriving again.

Figures show the previous budget where they changed the new value.

Annual Taxes

Earning band Tax rate
Personal income tax: Low earners 5% 0%
Personal income tax: Medium earners 15% 12%
Personal income tax: High earners 20% 40%
Personal income tax: Elite earners 45% 50%

Annual Spending

Category $ per capita Amount
Social Welfare $1,613 $1,774 $15.0bn $16.5bn
Retirement $3,065 $3,118 $28.5bn $29.0bn
Healthcare $3,011 $3,226 $28.0bn $30.0bn
Education $1,645 $1,828 $15.3bn $17.0bn
Housing $548 $591 $5.1bn $5.5bn
Justice, Police & Internal Security $688 $226 $6.4bn $2.1bn
Defence $516 $226 $4.8bn $2.1bn
Environment & Climate $280 $344 $2.6bn $3.2bn
Business Support $430 $355 $4.0bn $3.3bn
Arts, Culture & Media $570 $376 $5.3bn $3.5bn
Foreign Aid $0 $0.0bn
Roads & Highways $365 $346 $3.4bn $3.2bn
Public Transport & Rail $292 $276 $2.7bn $2.6bn
Energy Infrastructure $219 $207 $2.0bn $1.9bn
Ports & Airports $146 $138 $1.4bn $1.3bn
Total $124.5bn $121.2bn

Vote tally

Bundesrat

Passed
4Yes 0No 2Not voted 6 seats

For: 4 / 6 filled seats (66.7%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 2

Party Seats Vote
All Matterhorn Forward Bloc Proposer 0 Yes
Conservative Movement 3 Not voted
Democratic Socialist Union 4 Yes
New Matterhorn 0 Not voted
One Nation 0 Not voted

Ständerat

Passed
26Yes 0No 14Not voted 40 seats

For: 26 / 40 filled seats (65.0%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 14

Party Seats Vote
All Matterhorn Forward Bloc Proposer 0 Yes
Conservative Movement 27 Not voted
Democratic Socialist Union 26 Yes
New Matterhorn 1 Not voted
One Nation 2 Not voted

Nationalrat

Passed
112Yes 0No 59Not voted 171 seats

For: 112 / 171 filled seats (65.5%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 59

Party Seats Vote
All Matterhorn Forward Bloc Proposer 0 Yes
Conservative Movement 114 Not voted
Democratic Socialist Union 112 Yes
New Matterhorn 8 Not voted
One Nation 12 Not voted

Voting record

Every vote must state a public reason. Most recent first.

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