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Bill: Bill NP-88: Elimination of our deficit act
Details
Submitted by[?]: National Progress Party
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: September 4233
Description[?]:
| (This bill was proposed bi the minister of Finance Frederick Mulroney) We must face it. We have a deficit and a big one. It would be irresponsible and immoral for us to simply give to our children the responsability to pay for ourself. This is why I propose these common-sense taxation reformes that will allow us to transform our deficit into a small surplus. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 9
Proposed: 2
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 |
| > 10,000 HLR | 8% | 44,596,000,000 HLR |
| > 20,000 HLR | 20% | 79,737,000,000 HLR |
| > 30,000 HLR | 30% | 209,816,000,000 HLR |
| > 70,000 HLR | 40% | 49,527,000,000 HLR |
| > 95,000 HLR | 50% | 16,687,000,000 HLR | Total | 400,363,000,000 HLR |
Debate
These messages have been posted to debate on this bill:
| Date | 10:20:30, June 27, 2017 CET | From | Social Liberal Party | To | Debating the Bill NP-88: Elimination of our deficit act |
| Message | Mr. Speaker One of my party's goals is to limit our national deficit, so I'm glad to announce complete support to this bill. Ann Richardson (SL-LA) Social Liberal Senate Leader Senator for Constantine |
| Date | 12:28:17, June 27, 2017 CET | From |  Liberal Party of Hutori | To | Debating the Bill NP-88: Elimination of our deficit act |
| Message | Mr. Speaker We will not support this Bill under any circumstances. Our caucus is unilaterally against the raising of taxes especially when our tax sysmtr is broken and makes little sense considering there are three separate tax brackets for the lowest income earners but only one and now two for those who make over 70,000 HLR, especially when it makes so little impact on our coffers to the tune of barely 4 Billion HLR. We also adamantly refuse the raising our Business Tax Rate as it helps small business thrive. Instead raising taxes however doing a real reform to the income tax system and reducing government spending. Mitchell Court Conservative Senate Leader Senator for Sutton |
| Date | 00:51:47, June 28, 2017 CET | From | Federal Heritage Party of Hutori | To | Debating the Bill NP-88: Elimination of our deficit act |
| Message | Mr. Speaker, We will not support any legislation that hinders the growth of the Hutorian economy. What we need is to improve our economy not tax it into oblivion. We must find alternative methods of balancing the budget. Wyatt McLaughlin (F-AD) Federalist Senate Leader |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 266 | |||
| no | Total Seats: 334 | |||
| abstain | Total Seats: 0 |
| Random fact: The grey space in the east is populated by the forum-based countries, known in-game as the former colonies or the "Third World". These countries are managed by the Third World Coordinator but players can request control of individual countries in the Third World Control Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=8302 |
| Random quote: "Morality is simply the attitude we adopt towards people whom we personally dislike." - Oscar Wilde |