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Bill: Other Taxes (Corporate, Luxury, Sales)
Details
Submitted by[?]: Republican 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: October 3776
Description[?]:
| Reducing the sales tax on essential and non-luxury items to 4%; on corporate profit contribution to 33% to enhance business/entrepreneurial activities in the nation; on luxury goods to 20% to make the economy more free and open to global businesses of all kinds and not restricted to one-kind alone, and thus provide a wholesome social and economic life to citizens through easier access to goods and services. Impact on economy: minimal. (will still experience a surplus, even when the new budget and tax proposal are put in place.) |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 50
Current: 35
Proposed: 33
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 6
Current: 1
Proposed: 4
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 35
Current: 9
Proposed: 20
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes |
Total Seats: 11 | ||
| no | Total Seats: 190 | ||
| abstain | Total Seats: 0 |
| Random fact: Don't put "the" as the first word in your party name, because when parties are referred to in news reports, their names are preceded with "the", e.g. the [Socialist Party] has lost. |
| Random quote: "A wise ruler ought never to keep faith when by doing so it would be against his interests." - Niccolo Machiavelli |