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Bill: Repeal of the austerity plan - Part 1
Details
Submitted by[?]: Course of Freedom (Kellins faction)
Status[?]: defeated
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: October 5250
Description[?]:
| We are going to repeal the austerity plan and compensate the loss of income by a more progressive taxation rate. Now, the richest will pay their fair share of taxes. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 9
Current: 20
Proposed: 10
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 9
Current: 6
Proposed: 3
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 21
Current: 21
Proposed: 10
Article 4
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 |
| > 2,000 LPD | 5% | 8,028,000,000 LPD |
| > 5,000 LPD | 20% | 19,333,000,000 LPD |
| > 7,500 LPD | 30% | 17,653,000,000 LPD |
| > 10,000 LPD | 35% | 14,212,000,000 LPD |
| > 12,500 LPD | 40% | 20,758,000,000 LPD | Total | 79,984,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
| Date | 22:21:29, January 31, 2023 CET | From | Conservative Party (Whigs) | To | Debating the Repeal of the austerity plan - Part 1 |
| Message | Mr. Speaker, Typical Labour behaviour! They have no knowledge of finance, no plan and did no calculations. This proposal will do nothing but put us back in fiscal crisis. Let this House know that ALL that vote infavour of this bill supports a DEFICIT of 20,5 BILLION LPD per YEAR. How will this stimulate our economy? How will it show investors and those who borrow us money show that we are a fiscal responsible government? The honourable gentlemen doesnt even know his numbers! SHAME! SHAME ON YOU! Our debt was 650.813.819.480,- LPD when we took office! That is 152% of GDP, a debt so insane, thanks to the leftist parties, that we are risking our credit rating. Our government managed through tough choices to reduce this to debt to 583.314.707.800,- LPD. That is 136% of GDP if we keep the current budget and taxes THIS year. That would significantly heal our finances. Furthermore we can increase spending or reduce some taxes and reduce our surplus, that is all discussable. But INCREASING our debt with 20 BILLION each year again? Insanity! Next I would like to state that presenting a budget is reserved to the Chancellor, I find it very distrubing that Labour produces such a badly thought out plan without even forming a cabinet first.... Typical! It shows we CANNOT trust Labour!!! Adam Horseiron Chancellor |
| Date | 02:35:53, February 01, 2023 CET | From | Luthori People's Party | To | Debating the Repeal of the austerity plan - Part 1 |
| Message | Gasps |
| Date | 05:46:19, February 01, 2023 CET | From | Humperdinck Conservatives Group✌️ | To | Debating the Repeal of the austerity plan - Part 1 |
| Message | Mr. Speaker, Although we are against the austerity plan from the former government, we LH, think it's vital to continue with austerity. We do believe in a more humane approach. We will vote NO on this and hope Labour will work with LH for a more balanced budget. YES we do want to increase spending, NO we do not want a deficit spending yet. |
| Date | 14:52:59, February 01, 2023 CET | From | Luthorian Labour - Progressive Wing 🛑 | To | Debating the Repeal of the austerity plan - Part 1 |
| Message | Mr. Speaker, Typical Whig behaviour - justify ransacking the most important parts of our economy to protect the least important, I ask of you. Justify making the worst off even worse off, just to make the most comfortable even more comfortable. And even if we don’t know those numbers the former chancellor blasts us for not knowing, at least we know our morals. At least we know the fundamental values so dearly lacking in the right. All of us have it to some extent, but it looks like the former Chancellor binned his in return for a big fat cheque. I hope he manages to find it without the torment of tearing through his mansion’s hundreds of wastepaper baskets. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 170 | |||||
| no |
Total Seats: 362 | |||||
| abstain |
Total Seats: 118 |
| Random fact: Alduria, Rildanor and Lourenne all have Canrilaise (French) cultures. |
| Random quote: "Congress is like diapers; it should be changed regularly as it gets full of the same thing." - Seen on a bumper sticker |