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Bill: Tax Cuts for the Upper and Lower Classes
Details
Submitted by[?]: Conservative Party of Lodamun
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 4620
Description[?]:
| The Front for Change and Liberation - Cleric propose to adjust the government's income tax policy to better address the economic situation of the 3rd Great Democratic Republic of Lodamun (Lodamun). |
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 |
| > 2,500 LOD | 15% | 7,234,000,000 LOD |
| > 3,500 LOD | 20% | 6,837,000,000 LOD |
| > 4,500 LOD | 25% | 7,285,000,000 LOD |
| > 6,000 LOD | 30% | 10,421,000,000 LOD | Total | 31,777,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 18:09:36, August 15, 2019 CET | From | Conservative Party of Lodamun | To | Debating the Tax Cuts for the Upper and Lower Classes |
| Message | Mr. Speaker, To squeeze out the hated middle classes we propose cutting taxes on the ultra-wealthy and the poor, while keeping taxes for the middle classes intact. - The Right Honourable the Viscount Providence, Minister for Finance |
| Date | 20:11:53, August 15, 2019 CET | From | Lodamese Democratic Progressive Party | To | Debating the Tax Cuts for the Upper and Lower Classes |
| Message | Mr. Speaker, While we agree with less taxes on the poorest classes, the cutting of taxes on the wealthiest is unacceptable. This proposal would bankrupt the nation, while allowing the wealthiest to hoard more money. We cannot accept this. Roland Moore, PPL-G Leader |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 309 | ||||
| no | Total Seats: 141 | ||||
| abstain | Total Seats: 149 |
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