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Bill: Economics Reform
Details
Submitted by[?]: Progressive Conservative Party
Status[?]: defeated
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: February 3266
Description[?]:
| A bill to lower the Corporate tax and to regulate the Stock Market |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 40
Current: 9
Proposed: 30
Article 2
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 | 00:51:03, February 28, 2012 CET | From | Socialist Party | To | Debating the Economics Reform |
| Message | Rt Hon Sarah Richardson MP, Chancellor of the Exchequer Mr Speaker, our party cannot support this legislation because we are in favour of the current 40% rate of corporate taxation. |
| Date | 00:51:22, February 28, 2012 CET | From | Hutori Unity Party | To | Debating the Economics Reform |
| Message | The Rt. honourable Terry Benson MP, leader of his majesties most loyal opposition Mr speaker, I am somewhat confused by the proposal before us today. On one hand, it is proposed that taxes for hard working businesses are lowered, a call which I wholeheartedly support, but then we also have a clause that calls for socialist like regulation on our stock markets. Mr speaker, I have to ask what kind of party the Progressive Conservatives really are? |
| Date | 01:02:09, February 28, 2012 CET | From | Progressive Conservative Party | To | Debating the Economics Reform |
| Message | Rt Hon Bob Humphrey MP Mr Speaker, It is the belief of the Progressive Conservative Party that Stock Markets need to be regulated.We believe that by implementing some regulations we are making sure that the Stock Market system isn't abuse.Besides, I don't see anything socialist on regulations. |
| Date | 09:55:53, February 28, 2012 CET | From | Forward Hutori Party | To | Debating the Economics Reform |
| Message | Mr Speaker, the Progressive Conservatives have an odd way of showing their conservatism, they are it seems to the left of even the socialist party on economics |
| Date | 10:25:52, February 28, 2012 CET | From | United Party | To | Debating the Economics Reform |
| Message | Mr Speaker - The United Party supports the regulation of stock markets but is reluctant to see such a drastic reduction in corporation tax which will deprive our country of revenue. |
| Date | 17:27:58, February 28, 2012 CET | From | Workers' Popular Alliance | To | Debating the Economics Reform |
| Message | Mr Speaker, The LDP stands agrees with the UP on this issue. |
| Date | 17:30:23, February 28, 2012 CET | From | Workers' Popular Alliance | To | Debating the Economics Reform |
| Message | Mr Speaker, Although we might agree to some reduction in the corporate tax at a later date, to encourage economic growth, the national budget is a.t.m very fragile. We have had cut some expenses already to compensate, and thus we feel it is not the right time to give tax breaks to the people who do not really need them. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 59 | ||||
| no |
Total Seats: 281 | ||||
| abstain |
Total Seats: 51 |
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