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Bill: New Economic Reforms Act
Details
Submitted by[?]: Nationalist Union
Status[?]: passed
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: April 4360
Description[?]:
| The Nationalist Union propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Rutania. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 26
Proposed: 28
Article 2
Proposal[?] to change Government law concerning the sales of recreational drugs.
Old value:: Recreational drugs sales are handled by private foundations which are heavily regulated by the government.
Current: Recreational drugs sales are handled by private foundations which are heavily regulated by the government.
Proposed: The government is entirely responsible for the controlled sales of recreational drugs through operating stores and other locations.
Article 3
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 |
| > 2,000 RUT | 5% | 2,689,000,000 RUT |
| > 3,000 RUT | 19% | 8,332,000,000 RUT |
| > 4,000 RUT | 30% | 9,796,000,000 RUT |
| > 5,000 RUT | 35% | 29,459,000,000 RUT | Total | 50,276,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
| Date | 14:38:41, March 08, 2018 CET | From | Whig Party | To | Debating the New Economic Reforms Act |
| Message | Mr. Speaker, While we disagree with raising our already high corporate tax rate and we are opposed to the recreational sales of drugs we shall support this bill in order to relieve the tax burden levied on the people of Rutania. -Michael Murdoch Whig Party Chairman Governor of Ardinia |
| Date | 15:36:32, March 08, 2018 CET | From |  Liberal Party | To | Debating the New Economic Reforms Act |
| Message | We actually support this proposal, even though the corporate tax rate is quite large. |
| Date | 15:49:05, March 08, 2018 CET | From | Nationalist Union | To | Debating the New Economic Reforms Act |
| Message | Governor Murdoch, The reason we decided to add article 2 is so that the we can effectively shutdown the sale of drugs on the black market. The Government will sell recreational drugs at a lower price than black market dealers, this will effectively shut down the sale of drugs on the black market. The money that the government gets from the sale of recreational drugs will be used to build government rehabilitation facilities so that recreational drug addicts can get treated and rehabilitated for free. The big issue with drugs is the black market, we don't know who is selling the drugs, how much drugs are in circulation, and who they are selling it to. In many cases, they sell to minors. Government control on this issue could prevent this. And instead of the money flowing into the hands of cartels being used to fund more criminal activity, the money will be used to build rehabilitation facilities. Law enforcement may shut down drug labs, but they are essentially playing a game of whackamole. They shut one down, and two more take its place. The Nationalist Union by no means supports the idea of drug use, we believe drug use and drug addiction is a huge tragedy for our society. But the major issue with drugs is those who sell them. We have to shut down the black market and stop the flow of money to cartels. - Robert E. Barfield (Attorney General of Ardinia). |
| Date | 16:50:44, March 08, 2018 CET | From | Whig Party | To | Debating the New Economic Reforms Act |
| Message | Attorney General Barfield, You make some very valid points, in an ideal world our streets would be free of drugs and the vermin drug addicts but that is not reality so I must agree that your proposal is the best path moving forward. It is thanks to innovative thinking and leadership such as yours that I believe Ardinia will lead the way forward for the nation. -Governor Michael Murdoch of Ardinia Chairman of the Whig Party |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 380 | |||||
| no | Total Seats: 100 | |||||
| abstain | Total Seats: 270 |
| Random fact: If your "Bills under debate" section is cluttered up with old bills created by inactive parties, report them for deletion on the Bill Clearouts Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
| Random quote: "The great economic, social and political scientist, Karlstein Metz, accurately predicted over 2,500 years ago that capitalism is doomed to destruction by its inherent weaknesses and contradictions, and must inevitably be replaced by a communist form of social, political and economic organisation." - Friedrich Pfeiffer, former Dorvish politician |