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Bill: Economic Stimulus Package - Phase 2
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: December 4352
Description[?]:
| The Labour Party propose a 2bn MRD economic stimulus package to broaden our tax base, reduce unemployment, and end the recession in the Federal Republic of Mordusia. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 18
Proposed: 18
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 |
| > 30,000 MRD | 10% | 84,848,000,000 MRD |
| > 50,000 MRD | 15% | 130,233,000,000 MRD |
| > 90,000 MRD | 25% | 88,622,000,000 MRD |
| > 130,000 MRD | 28% | 11,802,000,000 MRD |
| > 140,000 MRD | 33% | 10,055,000,000 MRD |
| > 150,000 MRD | 37% | 8,949,000,000 MRD |
| > 170,000 MRD | 43% | 2,445,000,000 MRD |
| > 180,000 MRD | 48% | 2,729,000,000 MRD |
| > 190,000 MRD | 52% | 1,565,000,000 MRD | Total | 341,248,000,000 MRD |
Debate
These messages have been posted to debate on this bill:
| Date | 19:22:25, February 21, 2018 CET | From | Labour Party | To | Debating the Economic Stimulus Package - Phase 2 |
| Message | OOC: This tax plan was inspired by Bernie Sanders' income tax plan http://bernietax.com/#0;0 . We need a broad income tax base to effectively stimulate our economy. Anyone who says otherwise needs to learn some basic economics |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 55 | ||||
| no |
Total Seats: 401 | ||||
| abstain | Total Seats: 102 |
| Random fact: Selucia is Particracy's modern take on Ancient Rome, located on the continent of Majatra. |
| Random quote: "The goal of life is living in agreement with nature." Zeno (335 BC - 264 BC), from Diogenes Laertius, Lives of Eminent Philosophers |