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Bill: The Capital Reinvestment Act
Details
Submitted by[?]: Labour 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: September 3071
Description[?]:
| A proposal to make good use of the current government surplus by returning it in the form of liquid capital to the Solentian economy. Corporate entities are, of course, obligated by law and by reasonable societal expectations to pay their fair share of taxes. We believe that a continually fair rate exists at 35%, which will also serve to make Solentia's businesses more competitive in the global economy. To us, this is an issue of making our country more competitive while simultaneously maintaining our fiscal stability. We understand that the FHE Party has proposed legislation aiming to cut this very same tax rate....to an alarming 30%. This is unacceptable. If you wish to preserve the fiscal health and economic growth of the nation, vote for this, not for the FHE proposal. This is your alternative. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 38
Current: 0
Proposed: 35
Debate
These messages have been posted to debate on this bill:
| Date | 10:51:00, February 04, 2011 CET | From | Democratic Catholic Party | To | Debating the The Capital Reinvestment Act |
| Message | The game of the Social Democratic Party is unfair, inappropriate and naive: they want to propose a law already proposed by us, still in debate (http://classic.particracy.net/viewbill.php?billid=311084). We urge all parties to boycott this provision, together to discuss and then vote for the one proposed by us. Also: this is a typical liberal bill. How it can be proposed by a statalist, centralist and communist party as the Social Democratic Party? He can do just to get votes. Or for fear of losing. FHE - Sacretariat |
| Date | 15:46:27, February 04, 2011 CET | From | Labour Party | To | Debating the The Capital Reinvestment Act |
| Message | Such strong words from the FHE, though I had expected such a response. A sizable block of the Senate seems to have sided with us. If your proposal passes, so be it. If ours does, so be it. We proposed this as an alternative to your radical proposal. This is a much better proposal: an incremental step that will reinvest capital into our economy in a fiscally responsible way. We are far from a communist or centralist party. The FHE would do well to remember that Solentia's citizens did not send us here to name-call, bicker or whine. They sent us here to make progress. Ryan Fay Social Democratic Leader |
| Date | 17:42:52, February 04, 2011 CET | From | Meritocratic Alliance | To | Debating the The Capital Reinvestment Act |
| Message | We are more in favor of the FHE bill and find it in somewhat poor taste to have too competing bill in chamber at the same time. |
| Date | 18:16:15, February 04, 2011 CET | From | Labour Party | To | Debating the The Capital Reinvestment Act |
| Message | You can find it in poor taste as long as you like. But our job as senators isn't to do what is most palatable for us, it's to do what is best for the country, and we believe this is the best course of action to take. Ryan Fay Social Democratic Chancellor |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 197 | |||||
| no | Total Seats: 71 | |||||
| abstain |
Total Seats: 157 |
| Random fact: You can view helpful ideological statistics about the regions in your nation on the region pages. You can also view detailed political opinions and the importance of them there as well. |
| Random quote: "A good politician is quite as unthinkable as an honest burglar." - H. L. Mencken |