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Bill: Corporate Tax Abolishment of 4453
Details
Submitted by[?]: Freedom and Liberty Party
Status[?]: defeated
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: November 4453
Description[?]:
| Bill to Abolish the Corporate Tax |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 10
Current: 1
Proposed: 0
Debate
These messages have been posted to debate on this bill:
| Date | 22:55:56, September 10, 2018 CET | From | National Conservative Party | To | Debating the Corporate Tax Abolishment of 4453 |
| Message | And how exactly is this beneficial, comrades? |
| Date | 04:50:30, September 11, 2018 CET | From | Socialist Party of Kalistan (SPoK) | To | Debating the Corporate Tax Abolishment of 4453 |
| Message | A reduction in Corporate tax is actually a reduction of indirect taxes on consumers. We would support this bill if it had the endorsement of the Finance Ministry, as the tradition in Kalistan holds that the Finance Minister puts forth all tax and spend bills, and bills which come from other entities should be opposed. But if we cut corporate taxes, we will need to make the revenue up somewhere else. So without a corresponding plan to raise revenue elsewhere, and given that the bill's sponsors are not in charge of the Finance Ministry, we will respectfully oppose this bill. |
| Date | 13:22:23, September 11, 2018 CET | From | National Conservative Party | To | Debating the Corporate Tax Abolishment of 4453 |
| Message | Comrades of FaLP, After reviewing the national budget, I have determined that cutting the corporate tax would cause little damage, as we currently gain thirty-six billion KRB from corporations. while we currently have a surplus of well over two-hundred and ninety-four billion KRB. But I also agree with our SPoK comrades in the fact that it would be best to create a new or increase a current source of revenue. Raise taxes elsewhere and I'll endorse this bill. Minister of Finance James Colbert |
| Date | 14:43:54, September 11, 2018 CET | From | Socialist Party of Kalistan (SPoK) | To | Debating the Corporate Tax Abolishment of 4453 |
| Message | Actually Comrade Colbert, It is the prerogative of the Finance Minister to float all taxing and spending bills. We will wait for your direction. Serenely, Abe Hashimoto, Speaker, Socialist Party of Kalistan |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 53 | ||
| no | Total Seats: 197 | ||
| abstain | Total Seats: 0 |
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| Random quote: "In a sense we have come to our nation's capital to cash a cheque. When the architects of our republic wrote the magnificent words of the Constitution and the Declaration of Independence, they were signing a promissory note to which every American was to fall heir. This note was a promise that all men, yes, black men as well as white men, would be guaranteed the unalienable rights of life, liberty, and the pursuit of happiness." - Martin Luther King Jr. |