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Bill: Alternative Income tax proposal of May 4319
Details
Submitted by[?]: Whig 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 pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: March 4320
Description[?]:
The Whig Party propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Rutania. |
Proposals
Article 1
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 |
> 1,000 RUT | 5% | 4,246,000,000 RUT |
> 2,500 RUT | 20% | 9,840,000,000 RUT |
> 3,500 RUT | 35% | 48,220,000,000 RUT | Total | 62,306,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
Date | 00:00:40, December 18, 2017 CET | From | Whig Party | To | Debating the Alternative Income tax proposal of May 4319 |
Message | Mr. Speaker, Unlike the tax proposals of the DSPR this plan is projected to increase revenue sufficiently to fund the national government without deficit spending all without significantly raising taxes any the Rutanian people and still keeping the poorest among the people free from the burden of the income tax. Phillip Barnhill Whig Finance Spokesman Former Minister of Finance |
Date | 00:39:09, December 18, 2017 CET | From | Democratic Socialist Party of Rutania | To | Debating the Alternative Income tax proposal of May 4319 |
Message | This proposal is an insult to hardworking Rutanians. The Whigs propose to take the entirety of the increase in revenue from the lower end of the income scale, without increasing the the top rate whatsoever, Catherine Hughes Minister of Finance Member of the National Executive Committee of the Democratic Socialist Party of Rutania Chairwoman of the Regional Executive Committee of the Democratic Socialist Party of Kragusrov |
Date | 04:11:48, December 18, 2017 CET | From | Whig Party | To | Debating the Alternative Income tax proposal of May 4319 |
Message | It is worth noting that we seek to tax the lower income brackets less than the DSPR's plan, we cannot accept tax rises on the job-creating class. |
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Voting
Vote | Seats | ||||
yes |
Total Seats: 330 | ||||
no |
Total Seats: 401 | ||||
abstain |
Total Seats: 19 |
Random fact: References to prominent real-life persons are not allowed. This includes references to philosophies featuring the name of a real-life person (eg. "Marxism", "Thatcherism", "Keynesianism"). |
Random quote: "Power always has to be kept in check; power exercised in secret, especially under the cloak of national security, is doubly dangerous." - William Proxmire |