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Bill: Income tax proposal of May 4393
Details
Submitted by[?]: Hutori 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 pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: May 4394
Description[?]:
| The Royalist Party of Hutori (Conservative) propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Hutori. |
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 |
| > 20,000 HLR | 4% | 15,941,000,000 HLR |
| > 30,000 HLR | 16% | 43,007,000,000 HLR |
| > 40,000 HLR | 33% | 62,096,000,000 HLR |
| > 50,000 HLR | 43% | 60,239,000,000 HLR |
| > 60,000 HLR | 58% | 59,190,000,000 HLR |
| > 70,000 HLR | 68% | 106,870,000,000 HLR | Total | 347,343,000,000 HLR |
Debate
These messages have been posted to debate on this bill:
| Date | 03:38:44, May 15, 2018 CET | From | Hutori Party | To | Debating the Income tax proposal of May 4393 |
| Message | Mr Speaker, Should our budget bill pass, these new tax measures would leave Hutori with a 26.7 billion Lira surplus. We have given every bracket a 2% cut, while simplifying the tax code and increasing the personal income tax threshold from 17,500 to 20,000. The surplus remaining would allow us to eliminate the essential goods tax, and possibly decrease the luxury goods and corporate taxes as well. Brett Martin MP for Wrightstown Minister of Finance House Leader of the Royalist Party Conservative Caucus |
| Date | 04:11:49, May 15, 2018 CET | From | Ultrackian Communist Party | To | Debating the Income tax proposal of May 4393 |
| Message | Mr Speaker I can not and will not ever vote to decrease taxes, if this bill passes it will help contribute to the destruction of our public sector and income inequality as well as our financial crisis, we can and will not vote for this bill |
| Date | 04:28:48, May 15, 2018 CET | From | Hutori Party | To | Debating the Income tax proposal of May 4393 |
| Message | Mr Speaker, I find it amusing, and terrifying at the same time, that the Ultrackians can continue to stand in this house and preach socialist policies, yet it was socialist policies that led to the destruction of the Hutorian economy in the first place. Brett Martin MP for Wrightstown Minister of Finance House Leader of the Royalist Party Conservative Caucus |
| Date | 16:27:41, May 15, 2018 CET | From | New Liberal Party of Hutori | To | Debating the Income tax proposal of May 4393 |
| Message | Mr. Speaker, We will vote for this bill, but ask that our coalition partners promise to maintain the surplus as a "rainy day" fund. The New Liberals' support of fiscal responsibility requires that we save some of the money in case of a global financial crisis . We will support this tax relief for the Hutorian people, and would support a reduction to the corporate tax greater than or equal to 1 percent, however, we would like to see the essential goods tax stay where it is. A 3 percent tax is not too much for every person to pay on goods like clothing and food - especially considering the generosity of the Hutori welfare state in matters of health and education. Russell Selwyn MP for Sutton East Deputy Chancellor Parliamentary Leader of the New Liberals |
| Date | 17:12:39, May 15, 2018 CET | From | Hutori Party | To | Debating the Income tax proposal of May 4393 |
| Message | Mr Speaker, We will agree not lower other taxes if it means we have the support of our coalition partners. Brett Martin MP for Wrightstown Minister of Finance House Leader for the Royalist Party Conservative Caucus |
| Date | 18:44:45, May 15, 2018 CET | From | Hutori Party | To | Debating the Income tax proposal of May 4393 |
| Message | Mr Speaker, As our budget has passed, we will now be putting these tax changes up for a vote. We hope all parties will show Hutorians that they genuinely care about them and give them the tax break that they deserve. Brett Martin MP for Wrightstown Minister of Finance |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 265 | ||||
| no | Total Seats: 80 | ||||
| abstain | Total Seats: 60 |
| Random fact: Before creating a party organisation, check to see whether there are any existing organisations which cover the same agenda. |
| Random quote: "Politics is supposed to be the second oldest profession. I have come to realize that it bears a very close resemblance to the first." - Ronald Reagan |