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Bill: Corporation Tax Reduction Act
Details
Submitted by[?]: Creonite Party
Status[?]: defeated
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: March 2496
Description[?]:
| As of now, corporate profits are taxed by 15% which produces 24,859,201,170 HLR towards the national budget. Currently the budget has a surplus of 20,116,400,585 HLR which is quite a considerable sum. We propose that the tax on corporations be reduced to 10% which will directly help the economy by giving corporations more spending power and yet maintaining a national surplus. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 9
Proposed: 10
Debate
These messages have been posted to debate on this bill:
| Date | 20:07:34, December 02, 2007 CET | From | SocLib '82 | To | Debating the Corporation Tax Reduction Act |
| Message | We're going to vote against this because we feel that the tax cuts need to be focused on personal income tax, we have already made enormous strides by cutting the corporate tax in half. There are still those of our citizens that pay more than 40% of their income to the government. It is simply unfair to continue to give corporations breaks without doing the same to workers and ordinary citizens. |
| Date | 20:09:16, December 02, 2007 CET | From | Monarchist Party of Hutori | To | Debating the Corporation Tax Reduction Act |
| Message | 'Hell No |
| Date | 09:22:25, December 03, 2007 CET | From | "Le Chaim" - Aesthetic Party | To | Debating the Corporation Tax Reduction Act |
| Message | SocLib are right. |
| Date | 21:36:03, December 03, 2007 CET | From | Democratic Nationalists Party | To | Debating the Corporation Tax Reduction Act |
| Message | SocLib are very right. |
| Date | 00:17:10, December 04, 2007 CET | From | Democratic Socialist Union | To | Debating the Corporation Tax Reduction Act |
| Message | Taxes should be raised, not lowered. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 77 | |||||
| no |
Total Seats: 150 | |||||
| abstain | Total Seats: 42 |
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| Random quote: "Envy is the cause of political division." - Democritus |