Tax relief and retierment fund

Proposed by Liberal Union · Passed 18 Nov 2020

✅ Passed

Rationale

This Budget brings us up to the retirement spending average, and implements tax cuts to boost economic growth

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

Annual Taxes

Earning band Tax rate
Personal income tax: Low earners 15%
Personal income tax: Medium earners 15% 16%
Personal income tax: High earners 28% 27%
Personal income tax: Elite earners 33% 28%

Annual Spending

Category $ per capita Amount
Social Welfare $1,126 $1,066 $95.0bn $90.0bn
Retirement $2,370 $2,962 $200.0bn $250.0bn
Healthcare $2,607 $2,370 $220.0bn $200.0bn
Education $1,777 $1,659 $150.0bn $140.0bn
Housing $711 $592 $60.0bn $50.0bn
Justice, Police & Internal Security $711 $60.0bn
Defence $889 $75.0bn
Environment & Climate $284 $237 $24.0bn $20.0bn
Business Support $1,777 $150.0bn
Arts, Culture & Media $355 $30.0bn
Foreign Aid $142 $24 $12.0bn $2.0bn
Roads & Highways $516 $43.6bn
Public Transport & Rail $413 $34.9bn
Energy Infrastructure $310 $26.1bn
Ports & Airports $206 $17.4bn
Total $1,198.0bn $1,189.0bn

Vote tally

Bundesrat

Passed
40Yes 0No 29Not voted 69 seats

For: 40 / 69 filled seats (58.0%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 29

Party Seats Vote
Civic Platform 12 Yes
Liberal Union Proposer 15 Yes
National League For Freedom And Democracy 13 Yes
National People's Front 5 Not voted
Rhineland Social Front 12 Not voted
Socialists And Democrats 16 Not voted
The Christian Democrats 11 Not voted
United Working Families 0 No

Bundestag

Passed
337Yes 0No 289Not voted 626 seats

For: 337 / 626 filled seats (53.8%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 289

Party Seats Vote
Civic Platform 43 Yes
Liberal Union Proposer 117 Yes
National League For Freedom And Democracy 177 Yes
National People's Front 34 Not voted
Rhineland Social Front 115 Not voted
Socialists And Democrats 54 Not voted
The Christian Democrats 131 Not voted
United Working Families 0 No

Voting record

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

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