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Bill: Tax Reform Act of 3410
Details
Submitted by[?]: Kirlawa Liberal 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: December 3410
Description[?]:
| This bill seeks to boost our economy through tax cuts. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 58
Current: 17
Proposed: 40
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 25
Current: 30
Proposed: 22
Debate
These messages have been posted to debate on this bill:
| Date | 05:00:38, December 14, 2012 CET | From | Kirlawan People's Justice Party | To | Debating the Tax Reform Act of 3410 |
| Message | Kirlawa has one of the strongest economies in all of Terra: please see http://forum.particracy.net/viewtopic.php?f=5&t=5054 as of December 3401. One major reason why, is that we have not only a comprehensive safety net but also conscientiously maintain a balanced budget and avoid reckless tax cuts. Kirlawa currently has a surplus of about 0,4% of GDP, and this proposal would needlessly drive us into deficit. |
| Date | 13:30:01, December 14, 2012 CET | From | Kirlawa Liberal Party | To | Debating the Tax Reform Act of 3410 |
| Message | It would be accompanied by strong budget cuts, no one is asking for unfunded tax cuts. The taxes in Kirlawa are simply too high and the economy can always get stronger. |
| Date | 20:00:36, December 14, 2012 CET | From | Kirlawan People's Justice Party | To | Debating the Tax Reform Act of 3410 |
| Message | If anything, taxes are too low. Currently around 26% of GDP overall. http://forum.particracy.net/viewtopic.php?f=6&t=5020 |
| Date | 20:35:46, December 14, 2012 CET | From | Kirlawische Nationale Allianz | To | Debating the Tax Reform Act of 3410 |
| Message | OOC: That thread is off-topic and purely based on opinion, so I have no qualms posting this: https://en.wikipedia.org/wiki/Government_spending Many governments spend less than 26% of GDP. It's all a matter of how we RP Kirlawa. |
| Date | 21:18:04, December 14, 2012 CET | From | Kirlawa Liberal Party | To | Debating the Tax Reform Act of 3410 |
| Message | The reason why we collect just 26% of GDP is the very high rates of income taxes for Kirlawans earning over half a million. The Laffer Curve clearly states that tax rates beyond a certain figures are less effective at increasing revenue. A sharp cut in taxes will not necessarily harm revenue but could in fact increase it. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 249 | |||
| no | Total Seats: 300 | |||
| abstain | Total Seats: 168 |
| Random fact: Parties have the ability to endorse another party's candidate for the Head of State election (if there is one). This adds a strategic element to the elections. |
| Random quote: "The Religious Right dislikes both abortions and homosexuality. But who has fewer abortions than gays?" - George Carlin |