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Bill: Economic Recovery: Tax Cuts
Details
Submitted by[?]: Alorian Populist Party (DemCoa)
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: June 2714
Description[?]:
| The Alorian Populist Party (PrCoa) propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Aloria. The Alorian Populist Party (PrCoa) propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Aloria. To end the Depression, we need more spending, more spending by consumers and by government to increase demand. Also, we need to cut taxes for the average, poor, working and middle class Alorians, also to encourage demand and consumer spending. I understand that these two don't reconcile. While Aloria has a history of avoiding deficit spending, and I wish for that to continue, the current Depression demands and warrant and exception to this rule. The deficit spending is only a temporary measure, and it is a necessary one. |
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 |
| > 1 ALO | 1% | 2,869,000,000 ALO |
| > 5,000 ALO | 15% | 15,528,000,000 ALO |
| > 8,000 ALO | 33% | 23,355,000,000 ALO |
| > 12,000 ALO | 50% | 12,570,000,000 ALO |
| > 15,000 ALO | 66% | 13,294,000,000 ALO |
| > 18,000 ALO | 75% | 12,695,000,000 ALO | Total | 80,311,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||||
| yes |
Total Seats: 389 | |||||
| no |
Total Seats: 206 | |||||
| abstain | Total Seats: 155 |
| Random fact: The players in a nation have a collective responsibility to ensure their "Bills under debate" section is kept in good order. Bills which are irrelevant or have become irrelevant should be deleted. Deletion can be requested for bills proposed by inactive parties on the Bill Clearout Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
| Random quote: "Remember that government doesn't earn one single dollar it spends. In order for you to get money from the government, that money must first be taken from somebody else." - Governor Jesse Ventura |