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Bill: Fiscal Policy Discussion
Details
Submitted by[?]: Freie Demokratische Partei
Status[?]: passed
Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: May 4262
Description[?]:
| This discussion is meant to talk about our fiscal policy, namely how much we do/should spend, and where & how high the tax rate should be. |
Proposals
Debate
These messages have been posted to debate on this bill:
| Date | 21:17:27, August 21, 2017 CET | From | Freie Demokratische Partei | To | Debating the Fiscal Policy Discussion |
| Message | We suggest lowering taxes for the lower and middle classes, while increasing taxes for luxurious goods. |
| Date | 21:18:39, August 21, 2017 CET | From | Freie Demokratische Partei | To | Debating the Fiscal Policy Discussion |
| Message | The coalition need to find a reasonable compromise. |
| Date | 21:18:58, August 21, 2017 CET | From | Freie Demokratische Partei | To | Debating the Fiscal Policy Discussion |
| Message | We'll be happy to hear KP's proposals too. |
| Date | 00:26:10, August 22, 2017 CET | From | Demokratische Partei Dundorfs | To | Debating the Fiscal Policy Discussion |
| Message | Just to cover where things stand from a spending point at the moment: Head of Government - 0.05% GDP Foreign Affairs - 0.5% GDP Internal Affairs - 1% GDP Finance - 1% GDP Defence - 5% GDP Justice - 2% GDP Infrastructure and Transport - 2% GDP Health and Social Services - 3% GDP Education and Culture - 3% GDP Science and Technology - 3% GDP Food and Agriculture - 1.5% GDP Environment and Tourism - 1.5% GDP Trade and Industry - 1.5% GDP |
| Date | 00:45:06, August 22, 2017 CET | From | Demokratische Partei Dundorfs | To | Debating the Fiscal Policy Discussion |
| Message | Current income tax rates are: > 17,000 DUM @ 18% > 36,000 DUM @ 32% > 55,000 DUM @ 46% With corporate tax at 5% and luxury tax at 6%. |
| Date | 00:52:39, August 22, 2017 CET | From | Demokratische Partei Dundorfs | To | Debating the Fiscal Policy Discussion |
| Message | We support the existing rate of corporate tax but are happy to negotiate an increase in luxury tax to its old value of 10%. On the income tax side we propose the following two scenarios: 1) Increasing the bracket thresholds: > 21,000 DUM 18% > 38,000 DUM 32% > 55,000 DUM 46% 2) Decreasing tax rates: > 17,000 DUM 15% > 36,000 DUM 30% > 55,000 DUM 45% To achieve a balanced/surplus budget in either scenario luxury tax must be 10%. In addition, scenario 1 requires a spending cut 1.5%, while scenario 2 requires a budget cut of 1%. Such cuts could be achieved easily and relatively painlessly. |
| Date | 06:47:44, August 22, 2017 CET | From | Sozialistische Einheitspartei Dundorfs | To | Debating the Fiscal Policy Discussion |
| Message | The SED want the tax on essential goods lowered to 0%. Tax on luxury products should stay as it is. Taxes on profits should be raised by 5%. Concerning the budget we would prefer more investments in thd economy, education and welfare. |
| Date | 07:09:52, August 22, 2017 CET | From | Demokratische Partei Dundorfs | To | Debating the Fiscal Policy Discussion |
| Message | The tax on essential goods is already 0%. Corporate tax revenue is nominal anyway so any increase/decrease will barely impact budget bottom line. Increasing corporate tax thus serves no purpose but to punish business and encourage investment to move offshore. If you intend to basically keep tax the same but increase spending you drive the budget into further deficit. I urge the SED to think longer-term. |
| Date | 07:23:28, August 22, 2017 CET | From | Freie Demokratische Partei | To | Debating the Fiscal Policy Discussion |
| Message | Raising the tax on luxury products would mostly fall on right people, but not prevent foreign and domestic investors from being interested in us. 1) -> We agree then to raise the tax on luxury items to 10%. 2) The tax brackets proposed by the FPD provide basic structure, but are too low and would require spending cuts, which we don't support. Just tax the rich a bit more. 3) We will have to lower expenditures in the defence sector and allocate it proportionally to education, industry and finance, as proposed by the SED. Just how much, should be specified by the SED, defence spending should not go under 1.5%. Let's work on this as a unified coalition |
| Date | 07:25:04, August 22, 2017 CET | From | Freie Demokratische Partei | To | Debating the Fiscal Policy Discussion |
| Message | OOC: not right, but rich people... what an ironic mistake. |
| Date | 22:09:10, August 23, 2017 CET | From | Freie Demokratische Partei | To | Debating the Fiscal Policy Discussion |
| Message | This bill is without any value, we will only put it to vote. Vote in favour or against, it has no implications. |
| Date | 12:13:54, August 24, 2017 CET | From | Freie Demokratische Partei | To | Debating the Fiscal Policy Discussion |
| Message | Shame on the DPD for completely ignoring this discussion, we will propose a better plan. |
| Date | 01:02:07, August 25, 2017 CET | From | Demokratische Partei Dundorfs | To | Debating the Fiscal Policy Discussion |
| Message | Shame on us? You requested a tax cut for low and middle income earners. That is what we legislated. If you want to address the spending side, by all means, go ahead. Be mindful your SED majority partner who would see spending balloon with no reasonable suggestion how to address this from a tax position. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 284 | |||
| no | Total Seats: 32 | |||
| abstain |
Total Seats: 184 |
| Random fact: The people in your nation don't like inactive parties. When you often abstain from voting for a bill, they will dislike your party and your visibility to the electorate will decrease significantly. Low visibility will means you are likely to lose seats. So keep in mind: voting Yes or No is always better than Abstaining. |
| Random quote: "The two greatest obstacles to democracy in the United States are, first, the widespread delusion among the poor that we have a democracy, and second, the chronic terror among the rich, lest we get it." - Edward Dowling |