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Bill: Economic Reform Package of 3122
Details
Submitted by[?]: Republican Party of Jakania
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 3123
Description[?]:
| This bill will bring in about 60 billion in revenue from sales tax. And close to 40 billion from luxury taxes. It will also cut the corporation tax by 14 billion, resulting in 86 billion in revenue. This is to diminish the current budget shortfall, and the Office of the Chancellor will continue to work with the Ministry of Finance to find cuts, and ensure that in the long-term budget projections, we're very much in the safe zone. The Office can also report that we have approximately 1.4 trillion JAK in reserves, resulting in a sound economic outlook that can ensure prosperity for the coming years. Office of the Chancellor, Paul Ferguson. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 20
Proposed: 10
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 12
Current: 10
Proposed: 15
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 12
Current: 20
Proposed: 15
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes | Total Seats: 182 | |||
| no | Total Seats: 68 | |||
| abstain | Total Seats: 0 |
| Random fact: Particracy does not allow role-play that seems to belong to the world of fantasy, science fiction and futuristic speculation. |
| Random quote: "You know what's interesting about Washington? It's the kind of place where second-guessing has become second nature." - George W. Bush |