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Bill: Economy Boost Act
Details
Submitted by[?]: Reform Party of Kazulia
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: October 3405
Description[?]:
| We propose to reduce these taxes in order to boost the economy. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 25
Proposed: 22
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 15
Current: 20
Proposed: 13
Debate
These messages have been posted to debate on this bill:
| Date | 10:35:56, December 03, 2012 CET | From | Liberal Konservative Partiet | To | Debating the Economy Boost Act |
| Message | With such reduction in revenue, how can we afford the budget? |
| Date | 10:50:59, December 03, 2012 CET | From | Reform Party of Kazulia | To | Debating the Economy Boost Act |
| Message | The tax adjustments will cost about 10 billion Krona at most (about 0.5% of GDP). We need to make budget cuts anyway since we are already in deficit (180bn - more than 10% of GDP) and introduce a sales tax on essential goods. We need to move before we end up like Greece or something. |
| Date | 15:50:55, December 03, 2012 CET | From | Liberal Konservative Partiet | To | Debating the Economy Boost Act |
| Message | IC: What is Greece? Why should we make essential goods expensive? Surely that would be very damaging to the finances of our less well off citizens? OOC: Greece does not exist in this fictional world, try to stay in character (IC), or if you are making an out of character reference label it as OOC. |
| Date | 17:40:57, December 03, 2012 CET | From | Reform Party of Kazulia | To | Debating the Economy Boost Act |
| Message | Oh sorry I just wanted to make an obvious example and got carried away. We do need both budget and tax cuts. We believe in the (OOC) Laffer Curve . Our tax rates are simply too high. A 80% top rate and a very low threshold which hurts low income earners,we will soon be Hobrazia, with its communism and high unemployment. |
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Voting
| Vote | Seats | |
| yes | Total Seats: 0 | |
| no | Total Seats: 250 | |
| abstain | Total Seats: 0 |
| Random fact: Moderation will not implement nation renaming requests where the proposed name does not comply with the requirements set out in the Nation Renaming Guide: http://forum.particracy.net/viewtopic.php?f=11&t=6364 |
| Random quote: "I've noticed that everybody that is for abortion has already been born." - Ronald Reagan, quoted in New York Times, 22 September 1980 |