We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: Reducing Income Taxes: Phase 1
Details
Submitted by[?]: Sunbeam Squad
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: September 3543
Description[?]:
| Income taxes will be reduced on all but the highest income bracket. The revenue that will be lost thereby shall be generated by the implementation of a sales tax and a corporation tax. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 26
Proposed: 10
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 5
Current: 33
Proposed: 20
Debate
These messages have been posted to debate on this bill:
| Date | 18:29:28, August 29, 2013 CET | From | Urban Party of Rutania | To | Debating the Reducing Income Taxes: Phase 1 |
| Message | Mr. Speaker, A 10% tax on corporations is absurd and certainly won't be supported by the UPR. Marta Wilson UPR Congressional Leader |
| Date | 21:15:52, August 29, 2013 CET | From | Minarchist League of Rutania | To | Debating the Reducing Income Taxes: Phase 1 |
| Message | Mr. Speaker, First of all, we would rather the income taxes be reduced before raising sales taxes just in case that proposal doesn't go through. Second, while we support raising the luxury sales tax to make up for the loss of revenue, we do not support the establishment of a corporate income tax. We will vote no on this bill. Harold McNeil Deputy Chairman, MLR |
| Date | 06:41:55, August 30, 2013 CET | From | Capitalist Working Families | To | Debating the Reducing Income Taxes: Phase 1 |
| Message | Mr. Speaker, (1) We will *support* the increase in the Luxury Sales Tax. :) (2) However, we must oppose raising the Corporate Tax to 10% as it will make our businesses in Rutania *uncompetitive* in relation to other more fiscally conservative nations in Terra. For example, if we have an *abominable* 10% Corporate Tax, then businesses in Rutania will just *leave* and build factories in another nation in Terra that has *lower* tax rates. :O ---The CWFP |
| Date | 13:21:28, August 30, 2013 CET | From | National Purity Union | To | Debating the Reducing Income Taxes: Phase 1 |
| Message | Mr. Speaker, We support both aspects of this bill. Perhaps the SS could let us know why this must be separate from the income tax proposal; there may be some reason for that. We predict that this bill will raise approximately 12.5 billion RUT in new tax revenue. The luxury tax will raise 11.1 billion (in addition to the current 3.7 billion RUT brought in by the luxury tax), and the corporate income tax will raise 1.4 billion RUT (based on other country's experiences with the corporate income tax). These new revenues can be used to help the poorest Rutanians by reducing their tax load. The country of Rutania offers many advantages to corporations in its legal system. They are given special treatment compared to how small businesses are treated. It is entirely just that we levy an income tax on corporations, in exchange for this special treatment. The proposed 10% corporate income tax would place Rutania in the lowest quintile in terms of corporate income rate, maintaining our competitiveness in the world economy. Lastly, while it would be preferable to pass the income tax cut and this bill simultaneously, it is certainly better to raise new revenue before cutting existing revenue. I assume that the MLR is as opposed to budget deficits as we are, and can see the reasoning there. We pledge to vote for an income tax reduction as outlined by the SS. This bill will not pass before the new election in any event, so we will have a better sense then for what the makeup of Parliament will be, and the likelihood of an income tax reduction bill to pass. -Ron Silvermage, Prime Minister |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | ||||
| yes |
Total Seats: 285 | ||||
| no |
Total Seats: 230 | ||||
| abstain |
Total Seats: 40 |
| Random fact: In your Message Centre there is a really useful feature which allows you to subscribe to all of the bill debates in your nation. If you use that, then the "Watched Discussions" section will show you every time a new message has been posted on a bill. You can also subscribe to other pages you want to follow, such as your nation message-board, party organisations or bills outside your nation which you are interested in. |
| Random quote: Wait a min was we tricked into voting for absolute monarchy (Jamie Jamesson, Chancellor of Luthori 4269-4310) |