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Bill: Aggressive Investment & Job Creation Act of July 3852
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 not pass any sooner than the deadline.
Voting deadline: March 3853
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, and will submit a budget periodically that BALANCES the Federal budget to pay for the tax cut to give economic relief to millions of Rutanian families. We propose the following: (1) An EQUAL tax of 10% for all economic classes. Even in our Holy Book, Malachi 3:10, God ONLY asks for 10%. Should Government asks for MORE??? (2) A 50% cut in the Corporate Tax from 18% to 9% to REPATRIATE overseas profits back to the Commonwealth of Rutania and stop the massive OUTSOURCING of manufacturing jobs from Rutania. (3) (a) Gross Domestic Product[?] Consumption 204,332,313,433 RUT 75.47% Government 26,698,300,000 RUT 9.86% ***INVESTMENT 39,701,354,587 RUT ***14.66%*** Net Exports 0 RUT 0.00% GDP 270,731,968,020 RUT 100.00% SOURCE: cf. http://classic.particracy.net/budget.php?nationid=6 (b) Notice that PRODUCTION & INVESTMENT (which creates jobs for Rutanians) is a measly 15%. (c ) Thus, we feel that if we aggressively lower the income taxes on production and slash the Corporate Tax in HALF, we can bolster the INVESTMENT component of GDP. (d) Their are NO JOBS in Rutania and our people are suffering. We as their elected representatives must make a bold decision to increase investment and productivity. --Nicole A. Legrottaglie Minister of Justice |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 18
Current: 26
Proposed: 9
Article 2
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 |
| > 4,000 RUT | 10% | 5,447,000,000 RUT |
| > 6,000 RUT | 10% | 3,022,000,000 RUT |
| > 8,000 RUT | 10% | 1,482,000,000 RUT |
| > 10,000 RUT | 10% | 1,757,000,000 RUT | Total | 11,708,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
| Date | 09:06:24, May 27, 2015 CET | From | Capitalist Working Families | To | Debating the Aggressive Investment & Job Creation Act of July 3852 |
| Message | *********************************************** January3852 ******************************************************** News Report One of the factories of XNP Inc., an important corporation in the shipping sector in the Commonwealth of Rutania, located in the Province of Delvar, has closed the books after several years of losses. Thousands have lost their jobs. ************************************************************************************************************************ This is just PROOF that there are NO JOBS in Rutania. We need TAX REFORM NOW to fix the economy!!! |
| Date | 09:07:28, May 27, 2015 CET | From | Capitalist Working Families | To | Debating the Aggressive Investment & Job Creation Act of July 3852 |
| Message | *********************************************** January3852 ******************************************************** News Report One of the factories of XNP Inc., an important corporation in the shipping sector in the Commonwealth of Rutania, located in the Province of Delvar, has closed the books after several years of losses. Thousands have lost their jobs. SOURCE: cf. http://classic.particracy.net/viewnews.php?newsid=462211&nation=6 ************************************************************************************************************************ This is just PROOF that there are NO JOBS in Rutania. We need TAX REFORM NOW to fix the economy!!! |
| Date | 09:07:47, May 27, 2015 CET | From | Capitalist Working Families | To | Debating the Aggressive Investment & Job Creation Act of July 3852 |
| Message | OOC: sorry for the double post! |
| Date | 10:15:34, May 27, 2015 CET | From | Capitalist Working Families | To | Debating the Aggressive Investment & Job Creation Act of July 3852 |
| Message | Dear PSU: MAY we ask what are your specific objections to this common-sense Economic Reform plan to alleviate poverty??? You are aware that the unemployment rate Kragusrov is nearly 10%. cf. http://classic.particracy.net/ranking.php?limit=100000&topic=regionsbyunemployment --The CWFP |
| Date | 22:06:28, May 27, 2015 CET | From | Rutanian Democratic Party | To | Debating the Aggressive Investment & Job Creation Act of July 3852 |
| Message | Mr. Speaker, We support the tax reductions but the reforms to taxes are too drastic. Sarah Eibenschütz Prime Minister |
| Date | 07:48:16, May 28, 2015 CET | From | Capitalist Working Families | To | Debating the Aggressive Investment & Job Creation Act of July 3852 |
| Message | To the RDP: So you are saying that you would support this bill? After all, you did mention in your profile that you favored reductions income and corporate taxes. The Unemployment rate in Kragusrov is nearly 10% which explains the radical behavior of the people there in the elections. We MUST pass this economic plan to boost job growth. It will work. If the bill does NOT create jobs, we will vote to REPEAL the law. Let's try it. --Aimee Chambers-McKay Minister of Health and Social Sciences & Major in Urban Affair as Manhattan College |
| Date | 13:38:25, May 28, 2015 CET | From | Rutanian Democratic Party | To | Debating the Aggressive Investment & Job Creation Act of July 3852 |
| Message | Mr. Speaker, The only plan we support is reductions to corporate and essential goods taxes. Reforming the income tax would come afterwards. Sarah Eibenschütz Prime Minister |
| Date | 16:14:11, May 28, 2015 CET | From | Capitalist Working Families | To | Debating the Aggressive Investment & Job Creation Act of July 3852 |
| Message | Madam PM Sarah Eibenschutz: We understand your opposition, but you do know that it is the INCOME tax cuts that will boost the INVESTMENT component of GDP much quicker. The people elected you President because they want LEADERSHIP to fix the economy. If you vote against this common-sense bill to spur job growth, you are failing as a principled democratic leader. --Aimee Chambers-McKay Minister of Health and Social Sciences & Major in Urban Affair as Manhattan College |
| Date | 22:57:25, May 28, 2015 CET | From | Rutanian Democratic Party | To | Debating the Aggressive Investment & Job Creation Act of July 3852 |
| Message | Mr. Speaker, As President I will improve this economy and invest further in government. We believe that the first step is tax reforms. Keith Bell President of Rutania |
| Date | 05:23:40, May 29, 2015 CET | From | Capitalist Working Families | To | Debating the Aggressive Investment & Job Creation Act of July 3852 |
| Message | "This is how LIBERTY dies: with THUNDEROUS applause!!!" ---Padmé Amidala, played by Natalie Portman in Star Wars--Episode III: Revenge of the Sith--- cf. https://www.youtube.com/watch?v=V1FFVWEQnSM |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 92 | ||||
| no |
Total Seats: 411 | ||||
| abstain | Total Seats: 52 |
| Random fact: Players using inactive accounts and/or accounts from outside nations may only propose bills and/or contribute to discussions, whether IC (in-character) or OOC (out-of-character) with the general consent of the players in the nation. |
| Random quote: "If we accept that a mother can kill even her own child, how can we tell other people to not kill each other? Any country that accepts abortion is not teaching its people to love, but to use any violence to get what they want." - Mother Teresa of Calcutta quotes |