SENATE BILL: Independent Educational Institution Relief Act (Redraft Passed)

[President Tyrion]

Moving to the center to run for President?

Campaign Speech in San Francisco

You wouldn't believe how many times I've voted on both sides of the issue because I have the interests of ALL Atlasians at heart.

[Fmr. Pres. Duke]

Moving to the center to run for President?

Campaign Speech in San Francisco

You wouldn't believe how many times I've voted on both sides of the issue because I have the interests of ALL Atlasians at heart.

Stop stealing my line. Not all of us can be hated by both sides of the isle.

[Southern Senator North Carolina Yankee]

So if you are quite through pandering to the swing voters in the 2016 Elections, may we continue with this bill, please?

Where are we?

[🐒Gods of Prosperity🔱🐲💸]

So if you are quite through pandering to the swing voters in the 2016 Elections, may we continue with this bill, please?

Where are we?

Unless another Senator has something to add, I think we can move to a final vote.

[Fmr. Pres. Duke]

IS the 50% tax in addition to the 25% corporate tax the parent company of the school will pay? I think we said it was but I wasn't sure if we needed to include it in the bill.

[🐒Gods of Prosperity🔱🐲💸]

IS the 50% tax in addition to the 25% corporate tax the parent company of the school will pay? I think we said it was but I wasn't sure if we needed to include it in the bill.

As written I think it would be a replacement rather than an addition for that income. 

[Southern Senator North Carolina Yankee]

A Final Vote is now open on the underlying legislation, Senators please vote Aye, Nay or Abstain.

[🐒Gods of Prosperity🔱🐲💸]

AYE

[Fmr. Pres. Duke]

Would taking an additional 50% on their net profits be too much? I suppose I can support this regardless, but I wouldn't be opponed to the 50% being an additional for-profit education tax since we are now letting them invest back into their school before taxing their income.

[TNF]

NAY

[Chancellor Tanterterg]

Nay

[Fmr. Pres. Duke]

Would we be open to a redraft making the 50% tax an additional tax on top of the 25% corporate tax? The companies would still be able to invest in the students/facilities, and we could still put in this additional tax to limit for-profit education in the process. That way, it would give these companies incentive to invest in their students to lessen their tax burden.

[bore]

Nay

[tmthforu94]

Aye

[DC Al Fine]

Aye

[Goldwater]

AYE

[Talleyrand]

NAY

[President Tyrion]

Nay, but I would consider supporting such a redraft, Duke

[🐒Gods of Prosperity🔱🐲💸]

Would we be open to a redraft making the 50% tax an additional tax on top of the 25% corporate tax? The companies would still be able to invest in the students/facilities, and we could still put in this additional tax to limit for-profit education in the process. That way, it would give these companies incentive to invest in their students to lessen their tax burden.

That's fine, but can we then make it a 40% tax plus the corporate tax rates?

[Fmr. Pres. Duke]

Would we be open to a redraft making the 50% tax an additional tax on top of the 25% corporate tax? The companies would still be able to invest in the students/facilities, and we could still put in this additional tax to limit for-profit education in the process. That way, it would give these companies incentive to invest in their students to lessen their tax burden.

That's fine, but can we then make it a 40% tax plus the corporate tax rates?

I could propose that, sure. Our corporate rates are much lower now than when we passed the initial bill, so I think we need to consider such a redraft. If we do a 50% on top of the corporate rate, it would be 75% on their profits.

That way, we could allow these for profits to invest in their school and still discourage them from springing up by taxing the hell out of their net income after net income.

[Southern Senator North Carolina Yankee]

AYE

And we have yet another tie unless a vote changes. This vote ends in four days.

[President Tyrion]

AYE

And we have yet another tie unless a vote changes. This vote ends in four days.

5 left, 5 right tends to do that

[Southern Senator North Carolina Yankee]

AYE

And we have yet another tie unless a vote changes. This vote ends in four days.

5 left, 5 right tends to do that

Ties do take longer even aside from VP issues, because you have to let the time expire even. Ironically, we are probably going to out pace the previous Senates in legislation completed in spite of the even divide causing more ties and the fact that we will probably have somewhere north of 90 amendments by the end of the Senate.

[Fmr. Pres. Duke]

I'm redrafting. Get ready, boys.

[TNF]

I'm redrafting. Get ready, boys.

my body is ready