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Bill: Economic Stimulus Act of 4376
Details
Submitted by[?]: Whig Party
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: June 4377
Description[?]:
| The Whig Party propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Rutania. This bill would allow for a restructuring of the nations tax system to promote and stimulate economic growth within the Commonwealth. Passage of this bill we believe would also end our national budget deficit. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 18
Current: 26
Proposed: 12
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 35
Current: 33
Proposed: 30
Article 3
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 20
Proposed: 15
Article 4
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 | 3% | 3,327,000,000 RUT |
| > 3,000 RUT | 23% | 22,617,000,000 RUT |
| > 6,000 RUT | 30% | 18,779,000,000 RUT | Total | 44,723,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes |
Total Seats: 411 | ||||
| no |
Total Seats: 303 | ||||
| abstain | Total Seats: 36 |
| Random fact: Use a valid e-mail address for your Particracy account. If the e-mail address you entered does not exist, your account may be suspected of multi-accounting and inactivated. |
| Random quote: "Victory attained by violence is tantamount to a defeat, for it is momentary." - Mahatma Gandhi |