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Bill: Economic Crisis Act
Details
Submitted by[?]: Conservative-Libertarian Party (UM)
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: January 2893
Description[?]:
| This Act is designed to deal with the recession and the economic crisis facing Hutori. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 18
Current: 15
Proposed: 10
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 20
Current: 27
Proposed: 10
Debate
These messages have been posted to debate on this bill:
| Date | 10:41:27, February 10, 2010 CET | From | Conservative-Libertarian Party (UM) | To | Debating the Economic Crisis Act |
| Message | Rt Hon Duchess Thompson MP: Mr Speaker, these cuts in tax will give a boost to the economy, will encourage consumer spending and will encourage businesses to recruit more staff, thus dealing with the dual problems of lack of consumer confidence and unemployment. Mr Speaker, this bill will aid us in coming out of the recession. |
| Date | 10:50:33, February 10, 2010 CET | From | Fortunato's Fascist Formation | To | Debating the Economic Crisis Act |
| Message | Mr Speaker, it's been long recognised that consumer spending and mass borrowing caused the recession in the first place. If anything taxes should going up and not down. |
| Date | 11:37:01, February 10, 2010 CET | From | Conservative-Libertarian Party (UM) | To | Debating the Economic Crisis Act |
| Message | Mr Speaker, how on earth does consumer spending cause a recession? It is simply not true. Mass borrowing is a different matter, and not at all linked to levels of taxation. |
| Date | 20:50:15, February 10, 2010 CET | From | House Lusk-Nat'l Syndicalist Party (UM) | To | Debating the Economic Crisis Act |
| Message | Mr Speaker, economics is not so much a science as it is a cargo cult. No economic model can predict anything. We simply favor lower taxes as being in our own self-interest, although we think the reduction in taxes is a bit too much. |
| Date | 13:48:40, February 11, 2010 CET | From | Fortunato's Fascist Formation | To | Debating the Economic Crisis Act |
| Message | Mr Speaker, this bill is clearly cronyism at it's worst. We ask the Conservative-Libertarian Party not what they are working for but.. WHO THEY ARE WORKING FOR?! |
| Date | 17:35:50, February 11, 2010 CET | From | Conservative-Libertarian Party (UM) | To | Debating the Economic Crisis Act |
| Message | Mr Speaker, our independence from any outside agency has been clearly demostrated time and time again. We are for the freedom of all people. As I have also said, Mr Speaker, high taxes cripple the lowest earners the most, regardless of who they are intended to effect. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 254 | ||||
| no | Total Seats: 137 | ||||
| abstain | Total Seats: 0 |
| Random fact: Hundreds of vessels were lost while traversing the cold waters of the Sea of Lost Souls. It is located between Seleya and Majatra. |
| Random quote: "He who turns his back on the left, looks at the right." - Johan Vande Lanotte |