IDS 1:Lowering Transportation Taxes for Everyone Act (Passed)

[Dereich]

You must be logged in to read this quote.

Sponsor: Maxwell

[The world will shine with light in our nightmare]

Bumping so Maxwell can advocate for this.

[Maxwell]

It's pretty simple, I'm lowering taxes on fuel, as that effects all of us. Now I'm wondering about revenues [it will decline by some, but I'm not sure how much], because that maybe a concern in this decision, but I thought some budgetary conversation might be interesting.

[Dereich]

Eww, do we use the metric system? I hadn't actually noticed that before.

[Maxwell]

I'm going to offer an amendment to my bill:

You must be logged in to read this quote.

I've come to the realization that dropping it to 0.06 may dent revenues a bit too much. Lowering it to 0.07 instead to see whether or not we can get this through.

[Donerail]

I don't have any objections - we're running a surplus, IIRC, though our budgeting process is so out of whack I'm not sure if we are or not.

[Associate Justice PiT]

     We bring in about $17 billion from the gas tax, while our reported surplus is $0.4 billion. We need to figure out how much the Scott housing bill saves us before we can entertain any type of revenue cut.

[The world will shine with light in our nightmare]

We still need a specific idea of how this will affect the deficit.

[Maxwell]

The smallest possible cost estimate I can come up with has us losing $1.175 Billion, which puts us in deficit.

[The world will shine with light in our nightmare]

Here's where I stand on it now.  While I don't necessarily oppose tax cuts in principle, I am unwilling to sign anything that will put us in a budget deficit.  We should at least discuss appropriate spending cuts and make the bill revenue neutral.

[Dereich]

Maxwell, do you have any ideas on how you'd want to put the budget back in balance?

[Maxwell]

Proposing this amendment.

You must be logged in to read this quote.

[The world will shine with light in our nightmare]

Is that $587.5 million each or $587.5 million combined?

[Maxwell]

Is that $587.5 million each or $587.5 million combined?

It's $587.5 million each.

[The world will shine with light in our nightmare]

Do we have any official numbers on how this bill affects our deficit, yet?  I'd like to know before I decide how to act on this.

[Maxwell]

Do we have any official numbers on how this bill affects our deficit, yet?  I'd like to know before I decide how to act on this.

In a PM, Dereich said that after talking with the GM, the numbers I have come up with make sense, and thus the cuts I make will turn this into a revenue neutral bill.

[The world will shine with light in our nightmare]

I think it's time for a vote.

[Dereich]

I quite agree. Legislators have 48 hours to vote aye, nay or to abstain.

Final Text:

You must be logged in to read this quote.

[Maxwell]

Aye, as this bill has addressed all of the concerns that have been brought up.

[Dereich]

I really don't like the idea of reducing taxes with unspecified cuts, but as summer is when gas prices are highest and relief would be most opportune I guess I end up saying AYE.

[Donerail]

Aye.

[Dereich]

With four ayes and one legislator not voting this bill passes the legislature of the Imperial Dominion of the South and is sent to the Emperor for signature or veto.