Midwest 2014 Budget (Vote)

[Maxwell]

I think we need to reform our corporate tax code, so that the Midwest is more competitive:

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If there's room in the budget, I will also propose Income Taxes and possibly even property taxes.

[Maxwell]

I would back away from a Property Tax decrease if we cut Sales Tax a good amount along with my Corporate Tax Reform.

[Maxwell]

I would like to leave around $25 Billion or so in surplus, I would like to have a cushion for new bills.
I would like to exempt income tax for people under $50,000 heck maybe even up to $100,000. That is my suggestion.

I no longer have a say in all this, but I think the Midwest has helped the poor in a large way, and I think we should start using tactics in our tax code that will help employment in the other direction. The nation as a whole has a much more competitive tax code than we did before in terms of the corporate rate, and I think the Midwest needs to follow suit.

[Maxwell]

I would like to leave around $25 Billion or so in surplus, I would like to have a cushion for new bills.
I would like to exempt income tax for people under $50,000 heck maybe even up to $100,000. That is my suggestion.

I no longer have a say in all this, but I think the Midwest has helped the poor in a large way, and I think we should start using tactics in our tax code that will help employment in the other direction. The nation as a whole has a much more competitive tax code than we did before in terms of the corporate rate, and I think the Midwest needs to follow suit.

True, but maybe we could see the exemption raised for companies under $500,000 and raise the income tax exemption up to $50,000. I think that could be a good idea.

How about the income tax exemption for up to the poverty line for a family of 5, which is about $30,000? I'm not sure we should cut out the base entirely, but this is a good negotiation to have.

As for companies, that's a good idea, but again, $500,000 may not be the best. I will make something up right here:

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If some kind Althinger wants to endorse these, that would be great.

[Maxwell]

Corporate taxes? We have no such thing in the North.

We could afford a full blown elimination of corporate taxation in our region, but I'm not sure that'll fly with the current representation. And I'm fine with progress, assuming we take these steps. Plus I'm sure the Northeast makes up for revenue elsewhere, may it be from other sources or the fact that the Northeast is just a bigger economy than the Midwest.

[Maxwell]

We could get rid of the Corporate Tax, and then cut some spending in some areas.

[Maxwell]

Cutting the corporate hardly costs a lot, and would have more benefit than not in terms of who comes into the Midwest. Regardless, I think maybe a slighter cut then the one I have is fine, and I would be happy with raising the exemption so that smaller businesses can work. Combined with cutting sales taxes and income taxes, I think we can get a good piece of work done, and still have enough revenue for increasing spending in certain areas.

[Maxwell]

Cutting the corporate hardly costs a lot, and would have more benefit than not in terms of who comes into the Midwest. Regardless, I think maybe a slighter cut then the one I have is fine, and I would be happy with raising the exemption so that smaller businesses can work. Combined with cutting sales taxes and income taxes, I think we can get a good piece of work done, and still have enough revenue for increasing spending in certain areas.

I agree it will not cost that much, hopefully. However, I would like to see a cost analysis of all of the proposals, that way we can see what we are working with.

I tested some proposals I would be okay with, and I will see what the GM comes back with.