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Bill: Payroll Contributions Act
Details
Submitted by[?]: The Republican Party (Capitalist)
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: March 4554
Description[?]:
| This bills adds on the following extension from the assigned proposals attached (1) Those corporations that contribute to the employee payroll shall be exempt from a portion of their corporate tax requirements of 20%. (a) If a company is valued below 1000000 MCR, the company shall be fully exempt from corporate taxes, upon paying for the 50% of the employee payroll. (b) If a company is valued below 5000000 MCR (above 1000000)MCR, the company shall pay a lower corporate tax rate of 10%, upon paying for the 50% of the employee payroll. (c) If a company is valued above 5000000 MCR, the company shall pay a lower corporate tax rate of 15%, upon paying for the 50% of the employee payroll. Mr. Speaker, this bill shall incentivize corporations to hire more employees, along with giving them tax breaks, to only will they reinvest their breaks to create more wealth and more jobs in this nation! |
Proposals
Article 1
Proposal[?] to change A law on employers' obligations with regards to social security contributions.
Old value:: All enterprises are required to cover basic payroll contributions for their employees.
Current: Payroll contributions are not mandatory but the government grants tax incentives to providers.
Proposed: Employers are not required to cover payroll contributions.
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes | Total Seats: 175 | ||
| no | Total Seats: 525 | ||
| abstain | Total Seats: 0 |
| Random fact: Players have a responsibility to make a reasonable effort to be accurate when communicating the rules to other players. Any player who manipulatively misleads another player about the rules will be subject to sanction. |
| Random quote: "To punish the oppressors of humanity is clemency; to forgive them is barbarity." - Maximilien Robespierre |