SENATE BILL: The Severe Disability Savings Plan Act (Law'd)

[Lumine]

Aye.

[Adam Griffin]

Aye.

I believe I have a better idea for this, once this amendment is adopted.

[Cincinnatus]

Vote on the 61:28 by Tyrion:

Aye (5): Lumine, Tyrion, bore, TNF, and Alfred
Nay (3): Yankee, DC, and Goldwater
Abstain (0):

Didn't Vote (2): Griffin, and shua

The amendment has been adopted.

[DC Al Fine]

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Offering the amendment I promised Tyrion. Withdrawals can be taken tax free at anytime. Matching funds have to stay in the plan for one year.

[Cincinnatus]

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Feedback: Origination
Status: 24 hours to object.

[Southern Senator North Carolina Yankee]

61:36 by DC al Fine by the way.

[🐒Gods of Prosperity🔱🐲💸]

Is there any way to address the tendency for the matching funds to go disproportionately to those who can afford to set a large amount of money aside? 

[Southern Senator North Carolina Yankee]

The amendment is adopted.

Is there any way to address the tendency for the matching funds to go disproportionately to those who can afford to set a large amount of money aside? 

You mean like some kind of progressive or in healthcare what we would call a "sliding scale" approach? That is about the only way I can think of offhand.

[Adam Griffin]

Why couldn't we just eliminate federal taxes on those classified as severely disabled instead of collecting taxes off of them in some cases and then giving some or all of it back to them through a manner such as this? This is one of those unique and rare cases where I'd imagine absolving tax liability would provide an across-the-board increase in disposable income or savings for the people in question.

[Southern Senator North Carolina Yankee]

So what happened here?

[DC Al Fine]

Why couldn't we just eliminate federal taxes on those classified as severely disabled instead of collecting taxes off of them in some cases and then giving some or all of it back to them through a manner such as this?

You could, but I doubt it would be effective. My standard for severe disability is quite strict. I seriously doubt many people that meet that standard earn enough ($35k) to pay federal income tax.

So what happened here?

My amendment was adopted. I'm ready to bring this to a final vote if no one objects.

[Southern Senator North Carolina Yankee]

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[Southern Senator North Carolina Yankee]

I ask unanimous consent to waive cloture and proceed immediately ot a final vote, Senators have twenty four hours to object.

[Cincinnatus]

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A final vote is now open on the aforementioned final text.  Senators, please vote Aye, Nay, or Abstain.

[H.E. VOLODYMYR ZELENKSYY]

Nay.

[Adam Griffin]

Aye

[bore]

Aye

[DC Al Fine]

Aye

[TNF]

Abstain

[Goldwater]

AYE

[Southern Senator North Carolina Yankee]

AYE

[Lumine]

Aye.

[Cincinnatus]

This has enough votes to pass, Senators have 24 hours to object.

[Southern Senator North Carolina Yankee]

Vote on Final Passage of The Severe Disability Savings Plan Act:

Aye (6): Adam Griffin, bore, DC al Fine, Goldwater, Lumine, and NC Yankee
Nay (1): Alfred F. Jones
Abstain (1): TNF

Didn't Vote (2): shua and TyriontheImperialist

The Legislations is passed adn presentedo t the President for exeucitve action.

[President Tyrion]

Aye FTR