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Bill: Economic Reform Act 3
Details
Submitted by[?]: Quanzar Nationalist 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: July 3120
Description[?]:
| The QNP remains shocked at the defecit and its eventual implications. We propose these measures to begin defecit reduction. Note: Art. 1. The Sales Tax increase is only slight and remains far below the base rate set by other nations. (Republic of Keymon currently uses a rate of 8%. Also 25 is 2.5% for some reason when selecting an increase rate) Art 3. It is time we joined the ranks of many other nations in regulating our stock exchanges. Art. 4. We believe a very small increase from 40 to 41 is temporarily needed to reduce the defecit. We would aim to repeal Art. 4 after a period of time. These reforms remain open to discussion and we look forward to cross party input. |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 40
Current: 10
Proposed: 41
Article 2
Proposal[?] to change The government's stance on a salary cap.
Old value:: There is a national maximum wage but local governments may enforce stricter salary caps.
Current: Labour unions and organizations of employers negotiate a salary cap.
Proposed: Labour unions and organizations of employers negotiate a salary cap.
Article 3
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 and are unregulated.
Proposed: Stock exchanges are allowed but are regulated.
Debate
These messages have been posted to debate on this bill:
| Date | 12:06:39, May 12, 2011 CET | From | Liberal Movement for Revolution | To | Debating the Economic Reform Act 3 |
| Message | We believe adding more taxes won't reform the economy into what needs to happen. QNP has to look beyond the deficit. |
| Date | 12:14:00, May 12, 2011 CET | From | Quanzar Nationalist Party | To | Debating the Economic Reform Act 3 |
| Message | We understand this would not be a total reform. However we believe that this would be beneficial over a short period of time. We would undoubtedly repeal Art 1 & 4 after a period of time. We would point out that even with these small rises our nation would still be taxing less than half of the other nations in this world. |
| Date | 20:34:00, May 12, 2011 CET | From | Avanti Istalia! | To | Debating the Economic Reform Act 3 |
| Message | We are against Artt 2 and 3. We will support a small tax raise for a short period, however the sharp rise in sales tax is excessive. OOC - I know it doesn't take into account decimal numbers. I suggest you put it at 3%. |
| Date | 21:23:25, May 12, 2011 CET | From | Quanzar Nationalist Party | To | Debating the Economic Reform Act 3 |
| Message | Would the removal of Art. 1 make this bill more palatable? We do believe a tax rise must fall somewhere. Luxury goods could take the brunt of this. However again we must stress when compared to other nations even upon an increase we would still have some of the lowest tax rates. |
| Date | 23:30:46, May 12, 2011 CET | From | Avanti Istalia! | To | Debating the Economic Reform Act 3 |
| Message | We're fine with removal of Art. 1. |
| Date | 23:34:41, May 12, 2011 CET | From | Quanzar Nationalist Party | To | Debating the Economic Reform Act 3 |
| Message | We will remove Art. 1 then press for the vote. |
| Date | 23:35:40, May 12, 2011 CET | From | Quanzar Nationalist Party | To | Debating the Economic Reform Act 3 |
| Message | Art. 1 has been removed let us proceed to a vote. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 75 | ||||
| no | Total Seats: 0 | ||||
| abstain |
Total Seats: 0 |
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