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Bill: Corporate Tax Decrease
Details
Submitted by[?]: Free Democratic 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: September 3815
Description[?]:
| "We provided a plan to eliminate corporate taxes before, and it didn't pass. It was quite close, though, as the ROS gave us their loving support. We now plan a more moderate proposal. How about we cut it to 5%? Sounds good." ~Ted Johnson, Head Chairman of the LPS |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 35
Current: 0
Proposed: 5
Debate
These messages have been posted to debate on this bill:
| Date | 18:32:03, March 13, 2015 CET | From | Federal Green Party (FGP) | To | Debating the Corporate Tax Decrease |
| Message | The problem with cutting it is how will we pay for it? If we can get a corresponding budget cut through or raise taxes elsewhere then we could more realistically discuss passing this. |
| Date | 18:42:51, March 13, 2015 CET | From | Free Democratic Party | To | Debating the Corporate Tax Decrease |
| Message | "We have a healthcare bill that will decrease spending." ~Ted Johnson, Head chairman of the LPS |
| Date | 20:00:50, March 13, 2015 CET | From | Coalition for National Unity [CNU] | To | Debating the Corporate Tax Decrease |
| Message | "Politics of the rich, parties of the rich." Ala-ad-Din ibn Haroun al-Fulan, Supreme President |
| Date | 20:13:34, March 13, 2015 CET | From | SUN | To | Debating the Corporate Tax Decrease |
| Message | Cutting taxes for the rich and cutting benefits to the poor. |
| Date | 21:59:28, March 13, 2015 CET | From | Federal Green Party (FGP) | To | Debating the Corporate Tax Decrease |
| Message | What are you talking about? We cut taxes dramatically for the lowest classes as well as the middle class. Those who were making 15,000 SOL a year had to pay hundreds in taxes every year. Now they pay 150 SOL a year. As far as cutting benefits, please give some examples. -Tommy Gapard, Head Speaker of the Reform Option Council |
| Date | 22:06:48, March 13, 2015 CET | From | Federal Green Party (FGP) | To | Debating the Corporate Tax Decrease |
| Message | Corporate Income Taxes are passed along onto the consumer. Cutting taxes here is not cutting taxes on the rich, it is cutting taxes for all of us. To the greater benefit of the poorest in Solentia. It could mean a significant decrease in the cost of everything you wish to buy. Imagine going to the store and seeing the price of milk go from 5 SOL to 3 SOL. Overall this means an indirect tax cut for regular Solentians. The rich just raise their prices to pay the Corporate Income Taxes, in fact any executives you ask will tell you just this. They incorporate the costs of taxes into their business structure and pricing policies. -Tommy Gapard, Head Speaker of the Reform Option Council |
| Date | 01:45:56, March 14, 2015 CET | From | Coalition for National Unity [CNU] | To | Debating the Corporate Tax Decrease |
| Message | "The fiscal ineptitude of the ROS shines through if they seriously believe that these tax cuts will be passed along to the consumer." Ala-ad-Din ibn Haroun al-Fulan, Supreme President |
| Date | 03:13:48, March 14, 2015 CET | From | SUN | To | Debating the Corporate Tax Decrease |
| Message | Reform Option made the comparison to income tax levels for individuals. Corporations are not individuals and shouldn't be compared with an individual's tax burden. The Unionists are correct, no savings will pass onto the consumer, corporations will horde cash and reward executives with record bonuses for saving their companies some money. |
| Date | 04:15:22, March 14, 2015 CET | From | Free Democratic Party | To | Debating the Corporate Tax Decrease |
| Message | "We back the ROS here, but we think the tax cuts will go to the worker. They will make more money, be more productive, and make a better product." ~Ted Johnson, Head Chairman of the LPS |
| Date | 15:32:21, March 14, 2015 CET | From | Communist Party of Solentia (CPS) | To | Debating the Corporate Tax Decrease |
| Message | LPS, the tax that highly increases prices is sales tax. We have no sales tax on essential goods. Profit tax is the tax on surplus of corporations, which is paid to shareholders. So you are again proposing tax cut for the rich: middle class works while paying ~30% taxes, but corporate shareholders would only pay 5%. This is why we vote against. Philip Crawford, SDP Vise-Chairperson |
| Date | 05:02:12, March 16, 2015 CET | From | Federal Green Party (FGP) | To | Debating the Corporate Tax Decrease |
| Message | Corporate Shareholders have to pay the same income tax at the end of the year as everyone else. This bill doesn't change this. So if your income at the end of the year is very high you would still have to pay the top individual income tax rate. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 164 | ||||
| no |
Total Seats: 261 | ||||
| abstain | Total Seats: 0 |
| Random fact: The voters enjoy active parties who take upon themselves the initiative to create laws. |
| Random quote: "The man who prefers his country before any other duty shows the same spirit as the man who surrenders every right to the state. They both deny that right is superior to authority." - John Dalberg-Acton |