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Bill: Restructuring Our Economy
Details
Submitted by[?]: Liberal-Royalist Party
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: June 2903
Description[?]:
| The proposal to decrease corporate taxes will allow firms in Endralon to become more competitive with companies based in other nations. The proposals to decrease the essential goods tax and luxury goods tax act as less prohibitive charges on the purchases of our citizens. This will amount to a reduction of taxes by 150 billion Endrals each year, which will allow for greater consumption of goods. Despite the cutting these taxes, we will still have a projected surplus of 120 billion Endrals each year because our annual surplus has grown from 17 billion to 270 billion Endrals since passing of the last income tax cuts. All other proposals are meant to revert back to the government's stance prior to the Economic Reform of August 2900, in order to keep the government out of the day to day affairs of Endralonian businesses. Geoffrey DeCann Minister of Finance Liberal-Royalist Party |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 49
Current: 10
Proposed: 33
Article 2
Proposal[?] to change The government's policy towards daily working hours.
Old value:: Daily working hours are regulated by the government.
Current: Daily working hours are regulated by the government.
Proposed: The government obligates trade unions and employers to negotiate the daily number of working hours.
Article 3
Proposal[?] to change Energy regulation.
Old value:: Energy is provided by nationalised companies.
Current: Energy is provided by private companies but the prices they can charge are regulated.
Proposed: Energy is provided by private, unregulated companies but subsidies are given to those on a low income.
Article 4
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 10
Current: 18
Proposed: 5
Article 5
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors are not allowed to invest in national companies.
Current: Foreign investors may freely invest in national companies.
Proposed: Foreign investors may invest in national companies, but may not get a majority share.
Article 6
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The state owns the commanding heights of the economy and all major industries, but private ownership is allowed in the minor industries.
Current: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Proposed: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Article 7
Proposal[?] to change Sales tax on luxury goods.
Old value:: 50
Current: 27
Proposed: 40
Article 8
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: The government owns the stock exchange(s).
Current: Stock exchanges are allowed and are unregulated.
Proposed: Stock exchanges are allowed but are regulated.
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||||
| yes |
Total Seats: 192 | |||||
| no |
Total Seats: 21 | |||||
| abstain |
Total Seats: 88 |
| Random fact: Treaties will be eligible for deletion if they are more than 50 in-game years old and have no currently ratified members. |
| Random quote: "The packaging for a microwavable 'microwave' dinner is programmed for a shelf life of maybe six months, a cook time of two minutes and a landfill dead-time of centuries." - David Wann |