Vaudois government argues its tax cut plan better aids modest incomes than the 12% initiative

The Vaudois State Council is actively campaigning against a proposed 12% tax initiative, presenting its own figures to demonstrate that its alternative plan offers superior relief for modest incomes and families. The council argues that the initiative's benefits would disproportionately favor higher earners, with tax reductions growing significantly as taxable wealth increases.

To illustrate the disparity, the council highlighted a stark difference in potential tax savings. For individuals with a taxable fortune of 200,000 francs, the initiative might offer a mere 48 francs in tax reduction. In contrast, someone with a 20 million franc fortune could see a reduction of 12,490 francs. This comparison underscores the council's central argument: its own measures provide more equitable relief across different income levels.

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Forty-eight francs on one hand, 12,490 francs on the other. Such is the difference in the reduction of the tax burden on wealth in case of acceptance of the initiative between a taxable fortune of 200,000 francs and another of 20 million francs.

The council, represented by members Frédéric Borloz, Christelle Luisier, and Roger Nordmann, is urging voters to support their plan. They contend that their already-adopted measures provide more substantial relief to purchasing power, particularly for those with lower incomes. The initiative, if passed, is estimated to cost the canton an additional 272 million francs, a figure the council uses to emphasize the financial implications of the competing proposals.

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the measures already adopted relieve purchasing power more than the initiative submitted to the vote.