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Bill: Economic Jumpstart Act
Details
Submitted by[?]: Conservative Renew
Status[?]: passed
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: May 4551
Description[?]:
| This tax cut will jumpstart the economy and while it may cause temporary deficit the long term effects will be well worth it. Furthermore, this government will make a commitment that if deficits continue and the GDP remains unaffected for 5 years after the passage of the bill this government will repeal this legislation. Alonso Franzelli Minister of Finance |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 25
Proposed: 6
Debate
These messages have been posted to debate on this bill:
| Date | 03:11:25, March 26, 2019 CET | From | Coalition for State Capitalism (CCE/CSC) | To | Debating the Economic Jumpstart Act |
| Message | If you want a better economy then you must invest in the WORKERS not the money hungry corporations that you fight for. A living wage, healthcare, and tariffs on foreign products that make homegrown items cheaper. Having the people have the ability to purchase these items, houses, cars, TVs etc etc you will ensure a safe and productive flow of currency. This reduction of corporate taxes will allow the corporations to keep more of their profits and will hold on to them thus starving the economy of much needed cash. This bill AGAIN, shows the general incompetence of our leadership and the far right, their lack of even common sense economics and we reject it with glee and happiness. |
| Date | 04:16:04, March 26, 2019 CET | From | Libertarian Socialist Party (LSP/PSL) | To | Debating the Economic Jumpstart Act |
| Message | We agree with the CCE |
| Date | 10:34:24, March 26, 2019 CET | From | Gaduridos Freedom Party | To | Debating the Economic Jumpstart Act |
| Message | The previous proposal by the CCE does not help the situation. According to that proposal, most of the income would come from a 50%/70% tax on the richer people. If it was passed, they would flee the country and that source of income would be lost. Also, who would pay a 90% tax? That was incompetent. |
| Date | 10:38:06, March 26, 2019 CET | From | Gaduridos Freedom Party | To | Debating the Economic Jumpstart Act |
| Message | We can only trust that this bill will work, because a progressive tax system like the one the CCE proposed is impossible to achieve. |
| Date | 18:23:50, March 26, 2019 CET | From | Coalition for State Capitalism (CCE/CSC) | To | Debating the Economic Jumpstart Act |
| Message | They won't flee though, never do people with too much money flee because they lose a few dollars. Instead what they do is they hide their money in off shore bank accounts, finding tax loopholes to do so, they hide their money in charities and we can go after those. Attacking the loopholes head on, dishing out fines to those that seek to hoard their wealth from the people, THATS how we can attack this so called drought that you think that the taxes would include. A flat tax basically saying that those who earn billions off the backs of workers, who don't have to manufacture items, who don't wait tables are somehow on the same footing as them. The workers must be enfranchised through the law to put them on the same footing as those who own the capital, and to do that we MUST tax the very wealthy, give our working class a livable wage, collective bargaining MUST be used to extract a fair agreement from their employers and places of employment MUST be suited around an agreement between Workers (represented by unions) and their employers (represented by the business). |
| Date | 10:45:54, March 27, 2019 CET | From | Gaduridos Freedom Party | To | Debating the Economic Jumpstart Act |
| Message | True, but trying to get back the money that way is easier said than done. If those people have substantial influence, there is very little, if anything we can do about them. If they control businesses that are essential to the economy of Gaduridos, they could threaten to leave us for dead. We are actually fine with slightly higher tax rates on the rich, but rates like 30% or above would already alarm them, and rates of 50-90% would be unrealistic, but you could still try convincing them to pay up. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 139 | |||
| no | Total Seats: 111 | |||
| abstain | Total Seats: 0 |
| Random fact: Alduria, Rildanor and Lourenne all have Canrilaise (French) cultures. |
| Random quote: "In politics, madame, you need two things: friends, but above all an enemy." - Brian Mulroney |