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Bill: Unneccessary Taxation Elimination Act of 4462
Details
Submitted by[?]: Jiyū Party of Sekouo (自由党)
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: June 4463
Description[?]:
| This act would eliminate all taxes that produce an unfair, unjustified and unnecessary tax burden on the people of Sekowo. The elimination thereof would only encourage growth and progress for the people of Sekowo. Even with the elimination of these taxes, there would still be a surplus for the only few necessary government functions and programs. And this would not require an increase in taxes elsewhere in order to cover the lost revenue. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 3
Current: 6
Proposed: 0
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 10
Current: 17
Proposed: 0
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 6
Current: 19
Proposed: 0
Debate
These messages have been posted to debate on this bill:
| Date | 04:54:33, October 01, 2018 CET | From | Taiyō no Tō(太陽の党) | To | Debating the Unneccessary Taxation Elimination Act of 4462 |
| Message | Dear Speaker, This is going to cause a loss of 2,645,746,175 SEK from corporations, essential goods contributes 7,526,603,432 SEK and Luxury goods is 10,035,471,242 SEK. Total loss in revenue is about 20,207,820,849. That's around 35% of the budget so we can't support this bill. With the likely passage of the new budget introduced by Hoshuto comprising 46,600,000,000 SEK, we need to keep the taxes as is for now and tweak after its passage to see where spending is at. We are also going to stockpile money in a bank soon so making extra money for the next ten years will give the government a bad day fund to draw upon in emergencies. Signed, Mr. Minamoto |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 162 | ||
| no |
Total Seats: 165 | ||
| abstain | Total Seats: 50 |
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