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Bill: Budget proposal Second Revision

Details

Submitted by[?]: FJS Freedom, Justice, Sustainability

Status[?]: passed

Votes: This bill proposes to change the allocation of funds in the budget. It requires more than half of the legislature to vote yes. This bill will pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.

Voting deadline: April 3809

Description[?]:

The FJS Freedom, Justice, Sustainability propose to adjust the government's spending budget to better address the economic and social situation of the Great Democratic Republic of Lodamun.

Proposals

Debate

These messages have been posted to debate on this bill:

Date07:49:54, February 28, 2015 CET
FromFJS Freedom, Justice, Sustainability
ToDebating the Budget proposal Second Revision
MessageSo here is the situation. Our first two tax proposals were deeply flawed, because we had a flawed understanding the structure of the brackets (believing that the brackets were percentiles of wealth rather then the actual amount of income each citizen earned). We have built a new tax structure we believe is fair and progressive. It generates more revenue then the current system (current income tax generates 34.6 billion, ours will generate 54 billion)

The current budget is running a 19.5 billion LOD deficit. This is irresponsible and unsustainable. With our tax proposal generating 54 billion, plus 3.8 billion from corporation tax and 41.1 billion from sales tax we have end up with 98.9 billion to work with. The current budget spending is 99.2 billion. By making modest cuts to the three of the four most expensive departments, infrastructure, health, and education, we are able to get our spending down to 96 billion. this will give us a safe 2.9 billion LOD surplus. While we hate to make cuts we also can't reasonably raise any more revenue. If other parties have better ideas how to generate revenue and balance the budget we are all ears.

Jack Thrift
Minister of Finance

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Voting

Vote Seats
yes
 

Total Seats: 340

no
 

Total Seats: 0

abstain
   

Total Seats: 259


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