Debt rescue budget.

Proposed by National League For Freedom And Democracy · Voting closes 5 Jan 2025

🗳️ Open for voting

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.

Annual Budget

Annual tax take
$1,191.7bn $1,371.0bn
Annual spending
$1,020.0bn $965.0bn
Interest income
$4.7bn
Unchanged by this budget
Annual Surplus
-$223.2bn $11.1bn
After $399.7bn a year already committed by global decisions

Would this budget deliver what voters demand?

Checked against the same test used when a budget passes. Nothing here is decided until the vote closes.

📣 Raise arts, culture & media spending
1 party pledged ❌ Would not be delivered
Voters want
$220 / person
Right now
$118 / person
Under this budget
$118 / person

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

Voting

You need an active party in Rheinland to vote on this budget.

Vote tally

Currently failing

Bundesrat

Failing
30Yes 28No 11Abstained 0Not voted 69 seats

For: 30 / 69 filled seats (43.5%) — needs 50.0%

Against: 28 · Abstained: 11 · Not voted: 0

Party Seats Vote
Civic Platform 5 Yes
Liberal Union 11 Yes
National League For Freedom And Democracy Proposer 9 Yes
National People's Front 5 Yes
Rhineland Social Front 12 No
Socialists And Democrats 16 No
The Christian Democrats 11 Abstain

Bundestag

Passing
350Yes 169No 131Abstained 0Not voted 650 seats

For: 350 / 650 filled seats (53.8%) — needs 50.0%

Against: 169 · Abstained: 131 · Not voted: 0

Party Seats Vote
Civic Platform 68 Yes
Liberal Union 139 Yes
National League For Freedom And Democracy Proposer 109 Yes
National People's Front 34 Yes
Rhineland Social Front 115 No
Socialists And Democrats 54 No
The Christian Democrats 131 Abstain

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.

Civic Platform
Voted Dec. 10, 2024
Yes

“harsh but neccesary for fiscal stability”

Socialists And Democrats
Voted Dec. 9, 2024
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.”

Liberal Union
Voted Nov. 7, 2024
Yes

“The tax hikes are like a kick in the gut, but it is necessary”

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