“harsh but neccesary for fiscal stability”
Debt rescue budget.
Proposed by National League For Freedom And Democracy · Voting closes 5 Jan 2025
Rationale
Unfortunately, we were treated very poorly by Developer. In an instant, we lost a trillion dollars in GDP. This is a shock to all of us. We need to save our budget... We're very sorry, but it's not our fault...
Proposed changes
- Increase personal income tax rate on low earners from 14% to 15%
- Increase personal income tax rate on medium earners from 17% to 18%
- Increase personal income tax rate on high earners from 24% to 29%
- Increase personal income tax rate on elite earners from 29% to 33%
- Decrease spending on retirement from $120.0bn to $100.0bn
- Decrease spending on business support from $175.0bn to $140.0bn
This will increase tax take by $179.3bn annually.
This will decrease total budgeted spending by $55.0bn annually.
This will move the budget from an annual deficit of $223.2bn to an annual surplus of $11.1bn.
Checked against the same test used when a budget passes. Nothing here is decided until the vote closes.
This budget leaves the demand untouched. Short by $102 per person — $8.6bn a year more is needed.
Every line of the budget as it would stand if this passes. Rows that change show the budget currently in force the new value.
Annual Taxes
| Earning band | Tax rate | Tax take |
|---|---|---|
| Personal income tax: Low earners | 14% 15% | $98.8bn $105.9bn |
| Personal income tax: Medium earners | 17% 18% | $303.0bn $320.8bn |
| Personal income tax: High earners | 24% 29% | $645.9bn $780.5bn |
| Personal income tax: Elite earners | 29% 33% | $144.0bn $163.8bn |
| Total tax take | $1,191.7bn $1,371.0bn |
Annual Spending
| Category | $ per capita | Amount | |
|---|---|---|---|
| Social Welfare | $1,007 | $85.0bn | |
| Retirement | $1,422 $1,185 | $120.0bn $100.0bn | |
| Healthcare | $1,777 | $150.0bn | |
| Education | $1,422 | $120.0bn | |
| Housing | $711 | $60.0bn | |
| Justice, Police & Internal Security | $770 | $65.0bn | |
| Defence | $1,540 | $130.0bn | |
| Environment & Climate | $225 | $19.0bn | |
| Business Support | $2,073 $1,659 | $175.0bn $140.0bn | |
| Arts, Culture & Media | $118 | $10.0bn | |
| Foreign Aid | $12 | $1.0bn | |
| Roads & Highways | $360 | $30.4bn | |
| Public Transport & Rail | $288 | $24.3bn | |
| Energy Infrastructure | $216 | $18.2bn | |
| Ports & Airports | $143 | $12.1bn | |
| Total | $1,020.0bn $965.0bn |
Vote tally
Currently failingBundesrat
FailingFor: 30 / 69 filled seats (43.5%) — needs 50.0%
Against: 28 · Abstained: 11 · Not voted: 0
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Civic Platform | 5 | Yes | harsh but neccesary for fiscal stability |
| Liberal Union | 11 | Yes | The tax hikes are like a kick in the gut, but it is necessary |
| National League For Freedom And Democracy Proposer | 9 | Yes | No reason given |
| National People's Front | 5 | Yes | I hope Dev will fix it |
| Rhineland Social Front | 12 | No | We are against more taxes on the poor. |
| Socialists And Democrats | 16 | No | S&D opposes raising taxes on lower-income households. If cuts are necessary, pensions should be protected. We believe defence spending should be reviewed first, especially given that our state spends more than comparable countries. Budget choices must protect those who need it most. |
| The Christian Democrats | 11 | Abstain | No reason given |
Bundestag
PassingFor: 350 / 650 filled seats (53.8%) — needs 50.0%
Against: 169 · Abstained: 131 · Not voted: 0
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Civic Platform | 68 | Yes | harsh but neccesary for fiscal stability |
| Liberal Union | 139 | Yes | The tax hikes are like a kick in the gut, but it is necessary |
| National League For Freedom And Democracy Proposer | 109 | Yes | No reason given |
| National People's Front | 34 | Yes | I hope Dev will fix it |
| Rhineland Social Front | 115 | No | We are against more taxes on the poor. |
| Socialists And Democrats | 54 | No | S&D opposes raising taxes on lower-income households. If cuts are necessary, pensions should be protected. We believe defence spending should be reviewed first, especially given that our state spends more than comparable countries. Budget choices must protect those who need it most. |
| The Christian Democrats | 131 | Abstain | No reason given |
A budget passes once every legislature reaches its threshold, and fails immediately if a majority votes against. If neither happens, it resolves when voting closes.
Voting record
Every vote must state a public reason. Most recent first.
“S&D opposes raising taxes on lower-income households. If cuts are necessary, pensions should be protected. We believe defence spending should be reviewed first, especially given that our state spends more than comparable countries. Budget choices must protect those who need it most.”
“We are against more taxes on the poor.”
“I hope Dev will fix it”
“The tax hikes are like a kick in the gut, but it is necessary”