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Bill: Budget Decision 2661
Details
Submitted by[?]: Classical Liberal Party
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: August 2662
Description[?]:
| The Conservative Party propose to adjust the government's income tax policy to better address the economic situation of the Second Imperial Republic of Hobrazia. |
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 |
| > 20,000 HCR | 11% | 80,763,000,000 HCR |
| > 40,000 HCR | 27% | 92,317,000,000 HCR |
| > 60,000 HCR | 44% | 127,877,000,000 HCR | Total | 300,957,000,000 HCR |
Debate
These messages have been posted to debate on this bill:
| Date | 05:00:58, November 06, 2008 CET | From | Classical Liberal Party | To | Debating the Budget Decision 2661 |
| Message | Leaves a small surplus of 2 billion HCR. |
| Date | 09:12:10, November 06, 2008 CET | From | We Say So! Party | To | Debating the Budget Decision 2661 |
| Message | We do not believe that there should be such a large reduction in the taxation of the highest income bracket, that money would be better spent reducing taxation for all rather than just the rich. We counter with: 20,000HCR - 9% 40,000HCR - 27% 60,000HCR - 49% Almost identical reduction in income but with larger effect for all tax payers rather than just those with large incomes (who a reduction in tax will effect their lives least). |
| Date | 04:38:37, November 07, 2008 CET | From | Classical Liberal Party | To | Debating the Budget Decision 2661 |
| Message | \"Almost identical reduction in income but with larger effect for all tax payers rather than just those with large incomes (who a reduction in tax will effect their lives least).\" I reject that. It will affect the lives substantially of all citizens as they have the largest amount of capital that they can invest in Hobrazia and create jobs for other citizens. Whereas the lower income bracket reductions really only affect their bracket. Also, the income tax rate for the highest bracket is stupidly high. |
| Date | 09:07:31, November 07, 2008 CET | From | We Say So! Party | To | Debating the Budget Decision 2661 |
| Message | We disagree. By reducing the lowest bracket it effects everyone that falls into that bracket, i.e. all tax payers. This bill merely shows the elitist position of the Conservative Party who ignore low and middle income tax payers in order to improve conditions for the rich without any guarantees that there will be any increase in investment. We would also point out that those on the highest incomes would still receive substantial reductions in tax allowing them to increase capital into the market should they wish it, although we very much doubt that any such increase would be forthcoming as it is generally shown that it is the middle class which increase capital into the economy rather than the richest small percentage. |
| Date | 17:42:36, November 07, 2008 CET | From | First Party Of Hobrazia | To | Debating the Budget Decision 2661 |
| Message | As we are in government together we back these proposals |
| Date | 08:31:26, November 08, 2008 CET | From | Classical Liberal Party | To | Debating the Budget Decision 2661 |
| Message | It isn\'t as though people who are affected by the high income bracket just sit on top of their money or bury it in the ground, they use it and thus create jobs and inject capital in the economy. |
| Date | 15:56:47, November 08, 2008 CET | From | We Say So! Party | To | Debating the Budget Decision 2661 |
| Message | Some use it as described, but not all. This follows the flawed top down economic theory. Reducing costs for the highest earners does not encourage those at the lower end to spend money, and without them spending there can be no increases in income for those at the opposite end of the spectrum. Thusly, to increase income streams you reduce the lowest levels by the most thusly increasing expenditure at all levels. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 219 | ||
| no | Total Seats: 181 | ||
| abstain | Total Seats: 0 |
| Random fact: "Jezvraljogadsrlji" means "Social" in the Jelbic languages. |
| Random quote: "George W. Bush will protect your unborn fetus, then send your grown child to die in war." - Rick Claro |