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Bill: Fiscal Responsibility Restoration Act
Details
Submitted by[?]: Democratic Rationalists (PrCoa)
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 2527
Description[?]:
| Because of the passage of a large tax cut last year, we're now running a substantial budget deficit. With the apparent retirement of the LSDR, we find ourselves in a familiar position. The political will for a sales tax increase probably does not exist, but the political will for a corporate tax increase might. Thus, to make up for the budget shortfall, we propose this increase to the corporate tax. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 3
Current: 25
Proposed: 30
Debate
These messages have been posted to debate on this bill:
| Date | 23:41:21, February 03, 2008 CET | From |  Democratic Rationalists (PrCoa) | To | Debating the Fiscal Responsibility Restoration Act |
| Message | It should be noted that corporate taxes don't generate much revenue. To generate the same revenue as a 1% tax on luxury goods, the corporate tax must be around %5. |
| Date | 00:12:08, February 04, 2008 CET | From |  Moderate Libertarian Party (NoCoalition) | To | Debating the Fiscal Responsibility Restoration Act |
| Message | 30%? Your joking? Where did you folks pull that number out of? |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 230 | |||
| no |
Total Seats: 372 | |||
| abstain | Total Seats: 148 |
| Random fact: When you join the game, you will find yourself with only zero seats. That's because your party's representatives haven't been elected yet. You need to establish your party's position on issues by proposing several bills that your party wants passed and sending them to vote. This raises your visibility and if you do it enough, you will win seats at the next election. |
| Random quote: "Religion is the sigh of the oppressed creature, the heart of a heartless world, and the soul of soulless conditions. It is the opium of the people." - Karl Marx |