A Responsible Tax & Spending Reform
Proposed by The Royal Conservative · Passed 24 Jul 2024
Rationale
With the State running a surplus, we believe taxpayers should benefit through lower income taxes while key spending is maintained. We propose cutting medium earners’ tax rate from 25% to 15% and high earners’ from 35% to 30%, while increasing infrastructure & transport funding from $66bn to $67bn.
Figures show the previous budget where they changed the new value.
Annual Spending
| Category | $ per capita | Amount | |
|---|---|---|---|
| Social Welfare | $1,077 | $71.0bn | |
| Retirement | $2,033 | $134.0bn | |
| Healthcare | $2,382 | $157.0bn | |
| Education | $1,639 | $108.0bn | |
| Housing | $607 | $40.0bn | |
| Justice, Police & Internal Security | $668 | $44.0bn | |
| Defence | $789 | $52.0bn | |
| Environment & Climate | $246 $152 | $16.2bn $10.0bn | |
| Business Support | $577 | $38.0bn | |
| Arts, Culture & Media | $243 | $16.0bn | |
| Foreign Aid | $76 $65 | $5.0bn $4.3bn | |
| Roads & Highways | $358 $363 | $23.6bn $23.9bn | |
| Public Transport & Rail | $286 $290 | $18.9bn $19.1bn | |
| Energy Infrastructure | $215 $218 | $14.1bn $14.4bn | |
| Ports & Airports | $143 $145 | $9.4bn $9.6bn | |
| Total | $747.2bn $741.3bn |
Vote tally
Parliament
FailedFor: 115 / 360 filled seats (31.9%) — needs 50.0%
Against: 0 · Abstained: 0 · Not voted: 245
| Party | Seats | Vote | Reason |
|---|---|---|---|
| National Reform | 123 | Not voted | |
| The Royal Conservative Proposer | 115 | Yes | No reason given |