Balanced Budget Amendment (At Final Vote)
       |           

Welcome, Guest. Please login or register.
Did you miss your activation email?
April 26, 2024, 03:04:00 AM
News: Election Simulator 2.0 Released. Senate/Gubernatorial maps, proportional electoral votes, and more - Read more

  Talk Elections
  Atlas Fantasy Elections
  Atlas Fantasy Government (Moderators: Southern Senator North Carolina Yankee, Lumine)
  Balanced Budget Amendment (At Final Vote)		 « previous next »
Pages: 1 [2]
Author Topic: Balanced Budget Amendment (At Final Vote)  (Read 4757 times)
Marokai Backbeat
Marokai Blue
Atlas Icon
*****
Posts: 17,477
United States


Political Matrix
E: -7.42, S: -7.39

Show only this user's posts in this thread
« Reply #25 on: May 14, 2010, 01:23:50 PM »
Quote from: GM Purple State on November 30, 2009, 11:08:30 PM
National News

From the GM’s Desk: Legislation Analysis
Fiscal Responsibility Bill: This legislation, sponsored by Senator Marokai Blue (JCP), seeks to streamline and restructure Atlasian income tax brackets.

The current bill would create new brackets for individual's income above $367,700, $1 million and $2.5 million, respectively. This would equate with a tax rate increase for the higher brackets and a tax rate decrease for the lowest brackets, with most rates remaining the same.

Previous estimates by the Office of the GM calculated between $250 billion and $600 billion in gained revenue as a result of these changes. Given the overall nature of marginal income tax, as well as the relative revenue gained through individual, rather than corporate, income taxes, the office is now prepared to predict a total revenue in-flow of $500 billion as a result of the new taxation brackets.

This would greatly help in reducing the budget deficit over the coming years. In conjunction with eventual spending cuts and other tax reforms, the Atlasian budget could reach neutrality in two years and bring the debt to zero shortly after a ten year time horizon.

Just for discussion's sake..
Logged
k-onmmunist
Winston Disraeli
Atlas Icon
*****
Posts: 11,753
Palestinian Territory, Occupied


Show only this user's posts in this thread
« Reply #26 on: May 14, 2010, 04:15:29 PM »
Strongly against. Deficit spending is sometimes neccesary.
Logged
Bacon King
Atlas Politician
Atlas Icon
*****
Posts: 18,833
United States


Political Matrix
E: -7.63, S: -9.49

Show only this user's posts in this thread
« Reply #27 on: May 14, 2010, 04:20:37 PM »
It appears that everything that anyone has wanted to say on the subject has been said. I'll be opening this up to a final vote soon if there are no objections.
Logged
Bacon King
Atlas Politician
Atlas Icon
*****
Posts: 18,833
United States


Political Matrix
E: -7.63, S: -9.49

Show only this user's posts in this thread
« Reply #28 on: May 17, 2010, 02:36:10 PM »
Senators, there is now a final vote on this bill. Please vote aye, nay, or abstain.
Logged
Badger
badger
Atlas Legend
*****
Posts: 40,329
United States


Show only this user's posts in this thread
« Reply #29 on: May 17, 2010, 07:00:12 PM »
NAY.
Logged
tmthforu94
Atlas Star
*****
Posts: 22,402
United States


Political Matrix
E: -0.26, S: -4.52

P P P
Show only this user's posts in this thread
« Reply #30 on: May 17, 2010, 07:03:13 PM »
« Edited: May 17, 2010, 08:02:10 PM by Senator Tmthforu94 »
Nay
Logged
Bacon King
Atlas Politician
Atlas Icon
*****
Posts: 18,833
United States


Political Matrix
E: -7.63, S: -9.49

Show only this user's posts in this thread
« Reply #31 on: May 17, 2010, 07:19:12 PM »
nay.
Logged
Bacon King
Atlas Politician
Atlas Icon
*****
Posts: 18,833
United States


Political Matrix
E: -7.63, S: -9.49

Show only this user's posts in this thread
« Reply #32 on: May 17, 2010, 07:21:54 PM »

please clarify? Smiley
Logged
tmthforu94
Atlas Star
*****
Posts: 22,402
United States


Political Matrix
E: -0.26, S: -4.52

P P P
Show only this user's posts in this thread
« Reply #33 on: May 17, 2010, 08:02:46 PM »
Sorry, my only defense is that it's been a long day, as well as the fact that "b" is beside "n", and "t" is right by "y".
Logged
bullmoose88
Atlas Icon
*****
Posts: 14,515


Show only this user's posts in this thread
« Reply #34 on: May 17, 2010, 09:33:15 PM »
Nay
Logged
Southern Senator North Carolina Yankee
North Carolina Yankee
Moderator
Atlas Institution
*****
Posts: 54,123
United States


Show only this user's posts in this thread
« Reply #35 on: May 17, 2010, 10:05:39 PM »
Abstain
Logged
Obnoxiously Slutty Girly Girl
Libertas
Atlas Icon
*****
Posts: 14,899
Finland


Show only this user's posts in this thread
« Reply #36 on: May 17, 2010, 10:08:52 PM »
Aye
Logged
Fmr. Pres. Duke
AHDuke99
Atlas Star
*****
Posts: 24,074


Political Matrix
E: -1.94, S: -3.13

P P
Show only this user's posts in this thread
« Reply #37 on: May 17, 2010, 11:09:25 PM »
Nay
Logged
Hans-im-Glück
Franken
Junior Chimp
*****
Posts: 7,970
Germany


Political Matrix
E: -5.94, S: -3.30

Show only this user's posts in this thread
« Reply #38 on: May 18, 2010, 08:26:07 AM »
NAY
Logged
Bacon King
Atlas Politician
Atlas Icon
*****
Posts: 18,833
United States


Political Matrix
E: -7.63, S: -9.49

Show only this user's posts in this thread
« Reply #39 on: May 18, 2010, 01:05:56 PM »
This has the votes to fail. Senators have 24 hours to change their votes.
Logged
bgwah
Atlas Icon
*****
Posts: 13,833
United States


Political Matrix
E: -1.03, S: -6.96

Show only this user's posts in this thread
« Reply #40 on: May 18, 2010, 05:26:53 PM »
Nay
Logged
Bacon King
Atlas Politician
Atlas Icon
*****
Posts: 18,833
United States


Political Matrix
E: -7.63, S: -9.49

Show only this user's posts in this thread
« Reply #41 on: May 20, 2010, 07:40:33 PM »
Senators voting AYE: Libertas (1)
Senators voting NAY: Badger, Tmthforu94, Bacon King, bullmoose88, AHDuke, Hans-im-Glück, bgwah (7)
Senators abstaining (with vote): NCYankee (1)
Senators abstaining (without vote): Winston (1)

This act has failed.
Logged
Pages: 1 [2]  
« previous next »
Jump to:  


Login with username, password and session length

Terms of Service - DMCA Agent and Policy - Privacy Policy and Cookies

Powered by SMF 1.1.21 | SMF © 2015, Simple Machines

Page created in 0.042 seconds with 11 queries.