Deficit Reduction Act

Proposed by Paleolibertarian Alliance · Passed 28 Oct 2024

✅ Passed

Emergency budget proposal

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

Annual Taxes

Earning band	Tax rate
Personal income tax: Low earners	16%
Personal income tax: Medium earners	22%
Personal income tax: High earners	33% 34%
Personal income tax: Elite earners	47%

Category	$ per capita	Peers	% of budget	Amount
Social Welfare	$1,332 $652	$1,046	8.6% 4.7%	$100.0bn $49.0bn
Retirement	$2,663 $2,530	$1,890	17.3% 18.3%	$200.0bn $190.0bn
Healthcare	$2,929 $2,397	$2,389	19.0% 17.3%	$220.0bn $180.0bn
Education	$1,691	$1,649	11.0% 12.2%	$127.0bn
Housing	$799	$603	5.2% 5.8%	$60.0bn
Justice, Police & Internal Security	$1,047	$682	6.8% 7.6%	$78.6bn
Defence	$839 $799	$831	5.4% 5.8%	$63.0bn $60.0bn
Environment & Climate	$133	$241	0.9% 1.0%	$10.0bn
Business Support	$559	$593	3.6% 4.0%	$42.0bn
Arts, Culture & Media	$692 $533	$255	4.5% 3.9%	$52.0bn $40.0bn
Foreign Aid	$67 $27	$70	0.4% 0.2%	$5.0bn $2.0bn
Roads & Highways	$951	$385	6.2% 6.9%	$71.4bn
Public Transport & Rail	$760	$305	4.9% 5.5%	$57.1bn
Energy Infrastructure	$571	$232	3.7% 4.1%	$42.9bn
Ports & Airports	$381	$157	2.5% 2.8%	$28.6bn
Total			100.0%	$1,157.6bn $1,038.6bn

Passed

93Yes 0No 0Not voted 93 seats

For: 93 / 93 filled seats (100.0%) — needs 50.0%

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

Party	Seats	Vote	Reason
Paleolibertarian Alliance Proposer	93	Yes	No reason given
Velinor Social Nationals	0	Not voted

Passed

226Yes 0No 0Not voted 226 seats

For: 226 / 226 filled seats (100.0%) — needs 50.0%

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

Party	Seats	Vote	Reason
Paleolibertarian Alliance Proposer	226	Yes	No reason given
Velinor Social Nationals	0	Not voted

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