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Bill: Economic Stimulus Package of March 4337
Details
Submitted by[?]: Labour 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: November 4337
Description[?]:
| The Labour Party propose to adjust the government's tax policy to better address the economic situation of the Federal Republic of Mordusia. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 5
Current: 1
Proposed: 1
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 15
Current: 15
Proposed: 20
Article 3
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 20
Current: 18
Proposed: 22
Article 4
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Current: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Proposed: Certain industries are owned by the state, all others are under private ownership.
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 |
| > 30,000 MRD | 10% | 138,753,000,000 MRD |
| > 70,000 MRD | 15% | 79,641,000,000 MRD |
| > 110,000 MRD | 18% | 26,550,000,000 MRD |
| > 130,000 MRD | 22% | 9,254,000,000 MRD |
| > 140,000 MRD | 32% | 15,193,000,000 MRD |
| > 160,000 MRD | 35% | 4,457,000,000 MRD |
| > 180,000 MRD | 42% | 2,386,000,000 MRD |
| > 190,000 MRD | 50% | 1,503,000,000 MRD | Total | 277,737,000,000 MRD |
Debate
These messages have been posted to debate on this bill:
| Date | 19:48:26, January 22, 2018 CET | From | Labour Party | To | Debating the Economic Stimulus Package of March 4337 |
| Message | This economic stimulus package provides a series of small tax cuts to the middle-class to boost economic growth |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 360 | ||||
| no | Total Seats: 390 | ||||
| abstain | Total Seats: 0 |
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