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Bill: Deficit Elimination Act of August 2369
Details
Submitted by[?]: AM Populist Social Democrats
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: April 2370
Description[?]:
| As rightists are known to do, the ConLibs have plunged the nation into a 3 billion LIK deficit. At the same time, they increased taxes on the poor. We propose to undo that damage and restore the nation to fiscal health, and restore the tax exemption for the poor, keeping working and middle class taxes also very low. |
Proposals
Article 1
We propose to alter income tax brackets to the following setup. Information about the current income tax system can be found here.
| Bracket | Tax | Estimated Revenue |
| > 13,000 LIK | 3% | 5,591,000,000 LIK |
| > 23,000 LIK | 11% | 8,431,000,000 LIK |
| > 33,000 LIK | 24% | 5,642,000,000 LIK | Total | 19,664,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 22:57:51, March 05, 2007 CET | From |  Likaton Coalition of the Willing | To | Debating the Deficit Elimination Act of August 2369 |
| Message | We would prefer to see the 23K band lowered, and could live with a few % on the upper band as a balance. |
| Date | 23:05:47, March 05, 2007 CET | From | Commonwealth Workers Army | To | Debating the Deficit Elimination Act of August 2369 |
| Message | As usual, the AM Populist Social Democrats balance reason with fiscal necessity. We support another excellent Am PSD finance proposal. |
| Date | 03:22:38, March 06, 2007 CET | From | AM Populist Social Democrats | To | Debating the Deficit Elimination Act of August 2369 |
| Message | We shall propose what the AMLITP suggests as well, as either way is fine with us. We probably like it better with the AMLITP suggestions; although, we feel the overriding need is to pass at least one or the other before we drown in debt. |
| Date | 11:09:48, March 06, 2007 CET | From | Democratic National Party | To | Debating the Deficit Elimination Act of August 2369 |
| Message | better solution = reduce spending |
| Date | 11:11:56, March 06, 2007 CET | From | AM Populist Social Democrats | To | Debating the Deficit Elimination Act of August 2369 |
| Message | No, as we do not have enough money budgeted to fund the programs we have and need as is. |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 128 | ||||||
| no | Total Seats: 39 | ||||||
| abstain | Total Seats: 32 |
| Random fact: The voters enjoy active parties who take upon themselves the initiative to create laws. |
| Random quote: "We cannot acknowledge allegiance to any human government... Our country is the world, our countrymen are all mankind." - William Lloyd Garrison |