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Bill: Economic Restructuring Act
Details
Submitted by[?]: People's Party of Kafuristan
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: August 3001
Description[?]:
| A number of changes must be made to strengthen the economy of Kafuristan and increase our self-reliance. |
Proposals
Article 1
Proposal[?] to change The government's policy regarding child benefit.
Old value:: Child benefit policies are left to local governments.
Current: The state guarantees child benefit to families classified as low-income or poor.
Proposed: The state guarantees child benefit to families classified as low-income or poor.
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 20
Current: 25
Proposed: 15
Article 3
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors may invest in national companies, but may not get a majority share.
Current: Foreign investors need to obtain government approval for all investments in national companies.
Proposed: Foreign investors need to obtain government approval for all investments in national companies.
Article 4
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Current: Certain industries are owned by the state, all others are under private ownership.
Proposed: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Article 5
Proposal[?] to change Sales tax on luxury goods.
Old value:: 12
Current: 25
Proposed: 10
Article 6
Proposal[?] to change Pre-school education.
Old value:: The government leaves development of nurseries to the private sector.
Current: The government maintains a system of free publically owned nurseries alongside heavily regulated private establishments.
Proposed: The government maintains a system of free publically owned nurseries alongside heavily regulated private establishments.
Article 7
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are allowed and are unregulated.
Current: Stock exchanges are allowed but are regulated.
Proposed: Stock exchanges are allowed but are regulated.
Debate
These messages have been posted to debate on this bill:
| Date | 20:51:38, September 16, 2010 CET | From | National Republican Party | To | Debating the Economic Restructuring Act |
| Message | The National Republican party endorses this bill. |
| Date | 23:37:57, September 16, 2010 CET | From | People's Party of Kafuristan | To | Debating the Economic Restructuring Act |
| Message | Then let's get it passed! |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 188 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 0 |
| Random fact: Head to the "Language assistance" thread to receive and offer help with translations: http://forum.particracy.net/viewtopic.php?f=5&t=6368 |
| Random quote: "If a nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be." - Thomas Jefferson |