2010 Federal Stimulus Act (Law'd)

[Senator North Carolina Yankee]

2010 Federal Stimulus Act

To be filled in later via amendment.

Sponsor: North Carolina Yankee

[Senator North Carolina Yankee]

Oh and if this takes longer then 72 hours, PS better get into the witness protection program.

[President Marokai]

You sure know how to lay foundation for a bill's improvement.

[Senator North Carolina Yankee]

You sure know how to lay foundation for a bill's improvement.

The filling does exist. Check the SoIA thread for proof. This is only because PS wanted the clock started NOW!!!!!!.

[Senator North Carolina Yankee]

2010 Federal Stimulus Act

Section 1:  “Social Obligations”
   Clause 1: $75 billion to extend unemployment for 25 weeks
   Clause 2: $25 billion to increase Food Stamps benefits by 5% for 15 weeks
   

Section 2: Critical Investments
Definitions:
      A. Supporting Infrastructure is defined as any road, rail, pipe line, electrical power line, or any other implement necessary to support a development project.
   Clause 1: $25 billion for the Secretary of Internal Affairs to distribute to the regions proportionally according to need for critical highway projects and highway maintenance.
   Clause 2: $15 billion for education expenditures to be distributed to the Regions as follows and appropriated for the most pressing need in each region’s education system as determined by the Regional Gov’t.
         Distributed as follows:
            2. Mideast $5 billion
            3. Southeast $3 billion
            1. Northeast: $3 billion
            4. Pacific: $2 billion
            5. Midwest $ 2 billion

      
   Clause 3: $8 billion for the Secretary of Internal Affairs to distribute to the regions proportionally for sewer and water treatment filtration upgrades and maintenance
   Clause 4: $5 billion for development and construction of coal to liquid plants, and supporting infrastructure.
         Distributed as follows:
            1. Southeast: $2  billion
            2. Mideast: $1.5 billion
            3. Northeast $1.2 billion
            4. Midwest: $ 800 million
            5. Pacific: $500 million
   Clause 5: $5 billion for Power grid upgrades and maintenance, distributed to the regions based on the Secretary of Internal Affair’s best judgment.
   Clause 6: $3 billion for the construction of Wind Power plants and supporting infrastructure.
         Distributed as Follow
            1. Midwest: $2 billion
            2. Pacific: $400 million
            3. Southeast: $400 million
            4. Northeast: $200 million

   Clause 7: $2 billion for the construction of Solar Power plants and supporting infrastructure.
         Distributed as Follows:
            1. Pacific: $1 billion
            2. Midwest $500 million
            3. Southeast $500 million

   Clause 8: $1 billion for federal building upgrades to be allocated by the Secretary of Internal Affairs, within each region according to economic conditions within.
   Clause 9:  $600 million for the Regional Crime prevention initiatives to be distributed to the Regions by the Secretary of the Interior.
   Clause 10: The choices of suppliers of materials and equipment for the projects allocated money in Section 2, shall be determined by the lowest cost provider within a range of distances with the lowest possible transportation costs. 

Section 3: Tax Policy Changes
   Clause 1: The US statutory tax rate on newly incorporated businesses that male under $1.2 million a year shall be 15% for two years. Companies may not “re-incorporate” just for the sake of this tax rate. Suspicious incorporations shall be investigated by the IRS and under direction of the Secretary of Internal Affair,  be prosecuted for tax evasion under current statutory guidelines for punishment.

   Clause 2: The first $5,500 in yearly unemployment benefits shall be exempt from taxation.
   Clause 3: Small business owners making under $1.2 million a year shall be allowed to deduct 100% of the depreciation in value of their equipment from their income tax if a sole proprietorship or partnership, or 100% of the depreciation in the value in their equipment from their corporate income tax if incorporated. 

This is what I had prior to the Governor's recommendations (except for tmth who I happened to be on AIM with at the time. ) It is also posted on the SoIA thread. 

[Purple State]

Oh and if this takes longer then 72 hours, PS better get into the witness protection program.

I thought that's what being a former president is all about. No one remembers who you are and you never take a public position ever again.

[President Marokai]

I'd simply like to mention (without getting too deep into looking into this topic again) that unemployment and food stamp benefits are crucial and very effective stimulus means. The unemployment extensions in this bill are good, but 5% expansion of food stamp benefits isn't very much when the average pay out is in the 300-375 dollars-ish range. What does 20 or so extra dollars help?

Consider something like a temporary 25% expansion of food stamp benefits, that'd be much more useful for both families and the economy.

[bgwah]

$25 billion for highways, but nothing for mass transit? That better change or I will vote nay.

[Senator North Carolina Yankee]

$25 billion for highways, but nothing for mass transit? That better change or I will vote nay.

Where do you see $25 billion for highways. I see a blank page.


I wish you people would read before barking demands.


I offer the following Amendmnet to the Federal Stimulus Act of 2010

Section 1: Social Needs ($150 billion)
Clause 1: $75 billion to extend unemployment benefits for 25 weeks.
Clause 2: $25 billion to increase unemployment benefits by 10% for a period of 6 months
Clause 3: $50 billion to increase monthly food stamps benefits by 25% for a period of 6 months.

Since we have national health care, there is no cobra, and no medicaid like in the RL bill, in case anyone is wondering why I didn't include them.

Senators have 24 hours to object.

Let it go through, we can modify it later in another amendment if necessary.

[Senator North Carolina Yankee]

Amendment to be offered after this one.


Section 2: Critical investments
Clause 1: $25 billion for highway funding to be distributed according to need by the Secretary of Internal Affairs.
Clause 2: $15 billion for Mass transit to be distributed to the Regions acording to need by the SoIA
Clause 3: $15 billion for Regional Education
              a. Mideast:
              b. Midwest:
              c. Northeast:
             d.  Pacific:
             e.  Southeast/Imperial Dominion of the South:

Clause 4: $12 billion to fund Solar and Wind power production and supporting infrastructure
               a. Pacific: $4 billion
               b. Midwest $3 billion
               c. Southeast $2 billion
               d. Northeast $2 billion
               e. Mideast $1 billion

Clause 5: $5 billion for Coal to Liquid
               a. Mideast $2 billion
               b. Southeast $1 billion
               c. Northeast $1 billion
               d. Midwest $500 million
               e. Pacific $500 million

to be concluded....

 
               

[Senator North Carolina Yankee]

Governor requests (77.5 Billion)

Mideast
20 billion new hospitals and emergency services


Midwest region
12,500,000,000
infrastructure as well as education,


Northeast
10 billion 
renewable energy, infrastructure and the creation of green jobs.

Pacific
20 billion
energy & infrastructure

IDS
15 billion
infrastructure improvement

[Senator North Carolina Yankee]

Section 2: Critical investments
Clause 1: $30 billion for highway funding to be distributed according to need by the Secretary of Internal Affairs.
Clause 2: $15 billion for Mass transit to be distributed to the Regions acording to need by the SoIA
Clause 3: $15 billion for Regional Education Efforts
              a. Mideast: $4 billion
              b. Midwest: $3 billion
              c. Northeast: $2 billion
             d.  Pacific: $ 2 billion
             e.  Southeast/Imperial Dominion of the South: $ 2 billion 

Clause 4: $15 billion to fund Solar and Wind power production and supporting infrastructure
               a. Pacific: $5 billion
               b. Midwest $3 billion
               c. Southeast $3 billion
               d. Northeast $3 billion
               e. Mideast $2 billion

Clause 5: $5 billion for Coal to Liquid
               a. Mideast $2 billion
               b. Southeast $1 billion
               c. Northeast $1 billion
               d. Midwest $500 million
               e. Pacific $500 million

Partially updated to include Governor requests.

[Prez Duke]

What kind of effect will this have on the deficit??

[Purple State]

What kind of effect will this have on the deficit??

Take the final price tag and add it to the deficit. That is the effect.

[Prez Duke]

What kind of effect will this have on the deficit??

Take the final price tag and add it to the deficit. That is the effect.

BUT how big is the deficit? I'll say I love that we seem to be involving regional legislatures in the discussion more than usual.

[Senator North Carolina Yankee]

What kind of effect will this have on the deficit??

Take the final price tag and add it to the deficit. That is the effect.

BUT how big is the deficit? I'll say I love that we seem to be involving regional legislatures in the discussion more than usual.

I think around 450 billion or so according to the last GM report of it.

The amendment adding section 1 has passed.

Guys I only have sporadic access to the computer today and input would be much appreciated.

[Prez Duke]

What kind of effect will this have on the deficit??

Take the final price tag and add it to the deficit. That is the effect.

BUT how big is the deficit? I'll say I love that we seem to be involving regional legislatures in the discussion more than usual.

I think around 450 billion or so according to the last GM report of it.

The amendment adding section 1 has passed.

Guys I only have sporadic access to the computer today and input would be much appreciated.

Oh, so it's nothing like the $12 trillion we have in the US? Well then, I'm more inclined to support another round of stimulus then.

[Senator North Carolina Yankee]

What kind of effect will this have on the deficit??

Take the final price tag and add it to the deficit. That is the effect.

BUT how big is the deficit? I'll say I love that we seem to be involving regional legislatures in the discussion more than usual.

I think around 450 billion or so according to the last GM report of it.

The amendment adding section 1 has passed.

Guys I only have sporadic access to the computer today and input would be much appreciated.

Oh, so it's nothing like the $12 trillion we have in the US? Well then, I'm more inclined to support another round of stimulus then.

IF I HAVE TO EXPLAIN THE DIFFERENCE BETWEEN DEBT AND DEFICITS ONE MORE TIME, I AM GOING TO STRANGLE THE SOB WITH MY BARE HANDS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

RL US
Debt: ~13.7 Trillion
Deficit ~1.3 Trillion

The Debt is the total debt accumulated and the deficit is the amount added each year.


Atlasia
Debt ~ 9-10 Trillion
Deficit ~ 450 Billion


"Here end of the lesson" - Sean Connery

[HappyWarrior]

Just to let everyone know this bill has my full personal backing.  That is all

[Senator North Carolina Yankee]

Just to let everyone know this bill has my full personal backing.  That is all

What bill? Its still a blank sheet of paper for all intents and purposes.

[HappyWarrior]

Just to let everyone know this bill has my full personal backing.  That is all

What bill? Its still a blank sheet of paper for all intents and purposes.

I meant with the Amendments lol

[Purple State]

So... what the hell are y'all doing in here? And no Yank, this question is not directed at you. I wouldn't mind it if a different senator answered this question for a change.

[bgwah]

So... what the hell are y'all doing in here? And no Yank, this question is not directed at you. I wouldn't mind it if a different senator answered this question for a change.

I want our stimulus to involve building lots of mass transit. A subway for every city with >500,000 people!

[Senator North Carolina Yankee]

So... what the hell are y'all doing in here? And no Yank, this question is not directed at you. I wouldn't mind it if a different senator answered this question for a change.

I want our stimulus to involve building lots of mass transit. A subway for every city with >500,000 people!

How much does it take to do that, where is the money to be directed etc etc? Should it be done in a separate bill?

Is 500,000 really reasonable or would 1 milllion or 1.5 be more reasonable.

Unless you want to waist a ton of money on bow ties and fruit pies in bermuda, you have to answer these specific details.

[Senator North Carolina Yankee]

I am sure the SoIA had the best of intentions and so did the Governor's but really, the requests from the Governors are just so much pissin in the wind.


Least priority, highest priority and total amount is nice but its not conducive to being quickly integrated into a stimulus framework that makes any sense. We got several categories for infrastructure. (Highway, mass transit etc. several for "alternative energy"). Sending money for solar to a place that is dark most of the year isn't going to be a wise invesment. Wheras the Pacific or Midwest with its sunny states could make use of it more. The NE has its alternative energy that is practical, and much of the IDS, except Texas where Solar and Wind are good, is a dead zone to anything except biomass, nuclear or coal to liquid.