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Bill: Income Tax Cut Proposal
Details
Submitted by[?]: Democratic Party of Hutori
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: October 4766
Description[?]:
| This bill new tax plan includes a %2 tax cut to the middle class in our country which will increase the purchasing power of our people and we will still be above our expenses and in a budget surplus. |
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 |
| > 19,999 HLR | 3% | 18,326,000,000 HLR |
| > 37,499 HLR | 18% | 78,830,000,000 HLR |
| > 64,999 HLR | 26% | 29,293,000,000 HLR |
| > 79,999 HLR | 47% | 19,669,000,000 HLR |
| > 89,999 HLR | 57% | 28,766,000,000 HLR | Total | 174,884,000,000 HLR |
Debate
These messages have been posted to debate on this bill:
| Date | 23:08:49, June 03, 2020 CET | From |  Liberal Party of Hutori | To | Debating the Income Tax Cut Proposal |
| Message | Mr. Speaker As this maintains our current budgetary surplus and keeps money flowing into the Sovereign Wealth Fund, this seems like an excellent common sense proposal. The Minister of Finance will have our Party's support. Hon. Patrick Grant Leader of the Liberal Party of Hutori Minister of National Defence Member of Parliament for Axminister Thorndale |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 217 | |||
| no |
Total Seats: 130 | |||
| abstain | Total Seats: 58 |
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