Fiscal Responsibility Bill [On President's Desk]

[President Marokai]

Vepres made a valid point, education cost is making than it is harder for lower classes to climb the social ladder.

But his solution, my God, it sounds like.. like.. So-, Soc-, Socialism.

[Vepres]

Vepres made a valid point, education cost is making than it is harder for lower classes to climb the social ladder.

But his solution, my God, it sounds like.. like.. So-, Soc-, Socialism.

I'm not as Republican as you think I am

Marokai, let's agree to disagree so you can get on to your usual multi-page argument with NCYankee

[afleitch]

Okay. Well that was 5 pages of fun wasn't it

Lets pull back a bit and remember this is Atlasia. For example the whole argument about education costs being prohibitive (while valid in reality) is not particularly relevant as education in Atlasia has been made subsidised and affordable in a previous bill (partly thanks to a small tax increase)

This system is designed to play to the strengths and weaknesses in Atlasia and in its current tax system. The GM reports it would raise revenue - check. It maintains 0% taxation for the poorest that we have had for 2 years - check. It allows us to balance the costs of our extended welfare system and hopefully pay down some debt - check. I can't oppose this bill because it adresses what Atlasia needs (and Atlasia is a vastly different place from America)

It has my support.

[President Marokai]

Okay. Well that was 5 pages of fun wasn't it

Lets pull back a bit and remember this is Atlasia. For example the whole argument about education costs being prohibitive (while valid in reality) is not particularly relevant as education in Atlasia has been made subsidised and affordable in a previous bill (partly thanks to a small tax increase)

This system is designed to play to the strengths and weaknesses in Atlasia and in its current tax system. The GM reports it would raise revenue - check. It maintains 0% taxation for the poorest that we have had for 2 years - check. It allows us to balance the costs of our extended welfare system and hopefully pay down some debt - check. I can't oppose this bill because it adresses what Atlasia needs (and Atlasia is a vastly different place from America)

It has my support.

I tried very hard to address you and Franzl's concerns, and was hoping I could have both of your backing, and I'm very happy that this bill has that. Thank you both very much.

[Јas]

I'm interested in the separate provisions for tax rates for marrieds.

I'm not greatly inclined towards having tax incentives for marriage anyway but I raise the point particularly because, so far as I thought, Atlasia doesn't recognise marriage.

[I left.]

I'm interested in the separate provisions for tax rates for marrieds.

I'm not greatly inclined towards having tax incentives for marriage anyway but I raise the point particularly because, so far as I thought, Atlasia doesn't recognise marriage.

I believe Atlasia issues civil unions to any two adults, right?

I suppose we could change the wording

[Јas]

I'm interested in the separate provisions for tax rates for marrieds.

I'm not greatly inclined towards having tax incentives for marriage anyway but I raise the point particularly because, so far as I thought, Atlasia doesn't recognise marriage.

I believe Atlasia issues civil unions to any two adults, right?

Yeah, pretty much - subject to exceptions for incest, bigamy, etc...

I suppose we could change the wording

Yeah, but nonetheless I'd be grateful if Senators could discuss a bit why civil unions should be tax incentivised.

[I left.]

Yeah, but nonetheless I'd be grateful if Senators could discuss a bit why civil unions should be tax incentivised.

Respectfully, I don't feel that they are. All it does is allow both members of a civil union to earn the same amount as if they were single. If that weren't allowed, I would feel that we would be punishing civil unions.

[Hashemite]

I was waiting on the GM's professional opinion to comment more on this bill since I'm not too well read in tax policy or economics, but I'm happy with the GM's analysis and I think this bill does offer a fine solution to the deficit.

Full support.

[Vepres]

Okay. Well that was 5 pages of fun wasn't it

Lets pull back a bit and remember this is Atlasia. For example the whole argument about education costs being prohibitive (while valid in reality) is not particularly relevant as education in Atlasia has been made subsidised and affordable in a previous bill (partly thanks to a small tax increase)

This system is designed to play to the strengths and weaknesses in Atlasia and in its current tax system. The GM reports it would raise revenue - check. It maintains 0% taxation for the poorest that we have had for 2 years - check. It allows us to balance the costs of our extended welfare system and hopefully pay down some debt - check. I can't oppose this bill because it adresses what Atlasia needs (and Atlasia is a vastly different place from America)

It has my support.

I was waiting on the GM's professional opinion to comment more on this bill since I'm not too well read in tax policy or economics, but I'm happy with the GM's analysis and I think this bill does offer a fine solution to the deficit.

Full support.

*Rips hair out* Gahhh! All that debating for nothing

[Vepres]

For example the whole argument about education costs being prohibitive (while valid in reality) is not particularly relevant as education in Atlasia has been made subsidised and affordable in a previous bill (partly thanks to a small tax increase)

Link please, I couldn't find anything subsidizing higher education on the wiki

[I left.]

For example the whole argument about education costs being prohibitive (while valid in reality) is not particularly relevant as education in Atlasia has been made subsidised and affordable in a previous bill (partly thanks to a small tax increase)

Link please, I couldn't find anything subsidizing higher education on the wiki

The "Help Atlasia Study Act" that I proposed did provide subsidies for higher education.

[Vepres]

For example the whole argument about education costs being prohibitive (while valid in reality) is not particularly relevant as education in Atlasia has been made subsidised and affordable in a previous bill (partly thanks to a small tax increase)

Link please, I couldn't find anything subsidizing higher education on the wiki

The "Help Atlasia Study Act" that I proposed did provide subsidies for higher education.

Ah, I was searching "education" and "scholarships". Thanks

[Alexander Hamilton]

I'm interested in the separate provisions for tax rates for marrieds.

I'm not greatly inclined towards having tax incentives for marriage anyway but I raise the point particularly because, so far as I thought, Atlasia doesn't recognise marriage.

I believe Atlasia issues civil unions to any two adults, right?

Why only two?

Someone needs to change this.

[President Marokai]

I believe I can change the wording without a formal amendment as PPT, so that's not a problem.

[President Marokai]

I think it's time for the final vote, we've gone as far in debate as we're going to do, I think.

I hereby open up a final vote on the following bill. Please vote Aye, Nay, or Abstain.

Fiscal Responsibility Act

Realizing that our rising budget deficit can not be left unattended indefinitely, the fundamental unfairness of our outdated income tax rates, and that we must make efforts to become more fiscally responsible, the Senate hereby authorizes the following comprehensive changes to our income tax system:

1. The following income tax brackets shall replace existing brackets for income gained in 2010 and thereafter, increasing as normal with inflation:

Single Individual 0% $0 - $8,025 14% $8,026 - $32,550 25% $32,551 - $78,850 28% $78,851 - $164,550 35% $164,551 - $367,700 41% $367,701 - $1,000,000 50% $1,000,001 - $2,500,000 60% $2,500,001+ Civil Partners Filing Jointly 0% $0 - $16,050 14% $16,051 - $65,100 25% $65,101 - $131,450 28% $131,451 - $300,300 35% $300,301 - $600,000 41% $600,001 - $1,500,000 50% $1,500,001 - $3,000,000 60% $3,000,001+ Civil Partners Filing Separately 0% $0 - $8,025 14% $8,026 - $32,550 25% $32,551 - $65,725 28% $65,726 - $150,150 35% $150,151 - $300,000 41% $300,001 - $750,000 50% $740,001 - $1,500,000 60% $1,500,001+ Head of Household 0% $0 - $11,450 14% $11,451 - $43,650 25% $43,651 - $112,650 28% $112,651 - $182,400 35% $182,401 - $367,700 41% $367,701 - $1,000,000 50% $1,000,001 - $2,500,000 60% $2,500,001+ 2. The standard income tax deduction shall be raised from $5,700 to $7,000, to better care for lower income individuals and the working class of Atlasia.

One of the strongest AYEs I've ever cast in this body.

[I left.]

AYE, and this isn't hard to support for a true fiscal conservative.

[afleitch]

Aye.

And may I remind the Senate if this passes there is no mandate to go on a spending spree Otherwise fear my diminishing wrath

[Hashemite]

AYE

[Senator North Carolina Yankee]

NAY

[Fritz]

Aye

[Rowan]

Nay

[Senator MaxQue]

Aye

[President Marokai]

This bill is now passing. 24 hours to change votes.

[Jayhawker]

Nay