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Bill: Radical Investment and Growth Act
Details
Submitted by[?]: Capitalist Working Families
Status[?]: defeated
Votes: This bill proposes to change income taxes. 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: September 3818
Description[?]:
The Capitalist Working Families propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Rutania by eliminating marginal tax rates by 50% in all tax brackets to bolster the INVESTMENT component of GDP. |
Proposals
Article 1
We propose to alter income tax brackets to the following setup. Information about the current income tax system can be found here.
| Bracket | Tax | Estimated Revenue |
| > 1,500 RUT | 3% | 2,470,000,000 RUT |
| > 3,000 RUT | 6% | 2,634,000,000 RUT |
| > 4,000 RUT | 17% | 9,248,000,000 RUT |
| > 6,000 RUT | 21% | 6,340,000,000 RUT |
| > 8,000 RUT | 22% | 3,259,000,000 RUT |
| > 10,000 RUT | 23% | 4,039,000,000 RUT | Total | 27,990,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
| Date | 03:16:27, March 21, 2015 CET | From | Capitalist Working Families | To | Debating the Radical Investment and Growth Act |
| Message | Mr. Speaker, There is no debate on this common sense law that would raise the standard of living of Rutanians via a postulated Free market by slashing personal income taxes in half??? --The CWFP |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 234 | ||
| no | Total Seats: 267 | ||
| abstain | Total Seats: 54 |
| Random fact: RP laws follow the same passing rules as in-game variable laws. Laws that are not of a constitutional nature require a simple majority "Yes" vote from active parties currently holding seats. Laws that are of a constitutional nature require a 2/3 majority "Yes" vote from active parties currently holding seats. RP laws may be abolished a simple majority vote this applies to ANY RP law. |
| Random quote: "When we're unemployed, we're called lazy; when the whites are unemployed it's called a depression." - Jesse Jackson |