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Bill: Corporate Tax (2890)
Details
Submitted by[?]: Fortunato's Fascist Formation
Status[?]: passed
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: February 2891
Description[?]:
| For many years the corporations have raked in massive profits using the nation's resources with very little being pumped back into the debt-riddled Hutori economy. This act will see a significant corporate tax increase providing more money for the people. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 9
Proposed: 18
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 18
Current: 27
Proposed: 20
Debate
These messages have been posted to debate on this bill:
| Date | 14:56:51, February 07, 2010 CET | From | Union of Radical Republicans (UM) | To | Debating the Corporate Tax (2890) |
| Message | Mr. Speaker, while we can see some of the reasoning behind the corporate tax increase, why has this been bundled with an increase on the Kingdom tax on nonessential goods? The Union fears the increase from 18% to one fifth the value crosses a certain psychological barrier that would discourage consumer spending across the board. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 172 | ||||
| no |
Total Seats: 157 | ||||
| abstain | Total Seats: 62 |
| Random fact: In order for a Cabinet bill to pass, more than half of the legislature must vote for it and all of the parties included in the proposed Cabinet must support it. If your nation has a Head of State who is also the Head of Government, then the party controlling this character must also vote for the bill, since the Head of Government is also a member of the Cabinet. If any of these requirements are not met, the bill will not pass. |
| Random quote: "I don’t have facts to back this up." - Herman Cain |