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Bill: Income tax proposal of July 3820
Details
Submitted by[?]: Liberal Democrats
Status[?]: passed
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: December 3821
Description[?]:
| The Democratic '98 propose to adjust the government's income tax policy to better address the economic situation of the Republic of Telamon. |
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 TPD | 16% | 59,430,000,000 TPD | Total | 59,430,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
| Date | 00:51:50, March 25, 2015 CET | From | National Republican Party | To | Debating the Income tax proposal of July 3820 |
| Message | Our reaction to this proposal is mixed. Cutting taxes to spur growth is one of the core tenets our economic policy, but that it cannot be done if it leads to massive deficits. You have precluded that by cutting military spending massively - which we think is a great mistake and a mistaken policy. While we support these particular tax cuts, we cannot support them being purchased at the cost of our nation's safety. Whether we vote yes or no on this measure depends on what happens with the proposed budget. |
| Date | 23:54:30, March 25, 2015 CET | From | National Republican Party | To | Debating the Income tax proposal of July 3820 |
| Message | Please proceed with this measure. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 255 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 245 |
| Random fact: In general, role-play requires the consent of all players. |
| Random quote: "Socialism failed because it couldn't tell the economic truth; capitalism may fail because it couldn't tell the ecological truth." Lester Brown, Fortune Brainstorm Conference, 2006 |