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Bill: Emergency Economic Review Act (May 4071)
Details
Submitted by[?]: Factio Conservativa
Status[?]: passed
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: January 4072
Description[?]:
The Factio Conservativa propose to adjust the government's income tax policy to better address the economic situation of the Regnum de Selucia. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates a central bank and all other banks are private.
Current: The government operates a central bank and all other banks are private.
Proposed: All banks are privately owned.
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 9
Current: 0
Proposed: 5
Article 3
Proposal[?] to change Government policy towards labor unions.
Old value:: Trade unions may exist and worker membership is voluntary.
Current: Trade unions may exist and all workers must have membership in one.
Proposed: Trade unions are illegal.
Article 4
Proposal[?] to change Sales tax on luxury goods.
Old value:: 20
Current: 30
Proposed: 10
Article 5
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 |
> 250 SEN | 10% | 12,845,000,000 SEN |
> 2,500 SEN | 20% | 89,068,000,000 SEN |
> 25,000 SEN | 40% | 9,508,000,000 SEN | Total | 111,421,000,000 SEN |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||
yes |
Total Seats: 412 | ||
no | Total Seats: 0 | ||
abstain |
Total Seats: 88 |
Random fact: Particracy has 464 player slots. |
Random quote: "What is conservatism? Is it not the adherence to the old and tried against the new and untried?" - Abraham Lincoln |