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Bill: Budget Proposal of November 4191
Details
Submitted by[?]: Baltusian Democratic Green Party (BDGP)
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: July 4192
Description[?]:
| This revised budget helps address the needs of ordinary Baltusian citizens today, and will help keep our country's economy on the right track - now and in the foreseeable future. I ask all parties to support this measure. Harriett Miller Finance Secretary |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 30
Current: 70
Proposed: 29
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 2
Current: 0
Proposed: 1
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 30
Current: 45
Proposed: 32
Article 4
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 |
| > 15,000 BLD | 2% | 7,045,000,000 BLD |
| > 21,000 BLD | 5% | 23,194,000,000 BLD |
| > 30,000 BLD | 11% | 40,936,000,000 BLD |
| > 40,000 BLD | 17% | 105,209,000,000 BLD |
| > 70,000 BLD | 22% | 18,669,000,000 BLD |
| > 80,000 BLD | 28% | 23,352,000,000 BLD |
| > 100,000 BLD | 38% | 22,809,000,000 BLD | Total | 241,214,000,000 BLD |
Debate
These messages have been posted to debate on this bill:
| Date | 18:47:40, April 06, 2017 CET | From | Patriotic Party of Baltusia | To | Debating the Budget Proposal of November 4191 |
| Message | Member of Congress, We thank Finance Minister Miller for her efforts in proposing this package of measures. This budget is good for businesses with a cut to the corporation tax they pay; it is good for working people with a tax cut for the lowest paid in society; it is good for families looking to make ends meet with a cut in tax on essential goods and it raises revenue where it is most affordable: through luxury items. In essence it is good for Baltusia and we echo her in calling on all parties to support these measures. Alexandra Flanders, Majority Speaker of the House |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 450 | ||||||
| no | Total Seats: 250 | ||||||
| abstain | Total Seats: 0 |
| Random fact: If your "Bills under debate" section is cluttered up with old bills created by inactive parties, report them for deletion on the Bill Clearouts Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
| Random quote: "I never dared to be radical when young. For fear it would make me conservative when old." - Robert Frost |