MA: The Governor's Budget (Debating)

[PPT Spiral]

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Sponsor: TheRileyKeaton

[PPT Spiral]

By law, we have to address the budget first and get it passed before doing anything else. Riley, has there been anything adjusted with this since it was first introduced? We have a new GM now with Napoleon, so you could perhaps work out some final numbers with him.

[Potus]

Right. I'd like to work with Hagrid and Napolean to get estimates on the legislation we've passed.

[PPT Spiral]

Right. I'd like to work with Hagrid and Napolean to get estimates on the legislation we've passed.

Please get that done as soon as you can. I have no serious qualms with the proposals you've introduced here, but it's essential to get the numbers updated.

[TJ in Oregon]

This needs a lot of work unfortunately. Riley proposed large cuts to agriculture, energy, and tax expenditure in order to eliminate corporate income tax. While I understand the logic behind eliminating corporate income taxes to persuade businesses to relocate in the Mideast, his proposal is more ambitious than I'd like.

I would like to propose adding certain tax expenditures back in. The original version of this removed things like charitable tax deductions and the child tax credit. I do not support eliminating that and will veto any budget includes those cuts.

I propose adding the following to expenditure:

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I'd also like to add the tax expenditure section back in in its entirety except for the corporate tax breaks, which we'll compensate for by keeping some of the corporate tax cuts:

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[TJ in Oregon]

On the revenue side, I want to start over with last year's because Riley's math has some oddities.

From the expenditures, we can afford about $50B in revenue cuts. I want to focus them on cutting the sales tax (because it disproportionately affects the poor) and corporate taxes because we're cutting their tax benefits.

Here's my proposal:

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[tmthforu94]

This is something I support.

[DC Al Fine]

I also support TJ's budget. Shall we bring this to a vote?

[TJ in Oregon]

I also support TJ's budget. Shall we bring this to a vote?

What specifically are you voting on? Both amendments simultaneously?

[DC Al Fine]

I also support TJ's budget. Shall we bring this to a vote?

What specifically are you voting on? Both amendments simultaneously?

Yes, both amendments. Assuming you have no objections of course.

[Hifly]

Are cuts to healthcare spending warranted?

[TJ in Oregon]

Are cuts to healthcare spending warranted?

Even with the cuts, this still represents an increase over 2012 healthcare spending, in particular with the first two items.

Is there a particular item you believe should receive greater funding?

We do after all have a surplus, albeit small, and have ran a surplus for the last two years. The revenue numbers also have not been updated from last years' numbers yet (we'll need the assistance of the GM for that), so I expect it's actually a bit larger than these numbers show.

[TJ in Oregon]

Can we get a vote on the amendment soon? Are there any questions about it?

[DC Al Fine]

I'll bring it to a vote tomorrow evening if there aren't any questions.

[DC Al Fine]

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Assemblymen, the following amendment is at a vote. You have three days to vote Aye, Nay or Abstain.

[DC Al Fine]

Aye

[Hifly]

Aye

[Franzl]

AYE

[DC Al Fine]

The amendment passes

Aye: 3 (DC, Hifly, Franzl)
Nay: 0

Any other questions/amendments before we bring this to a vote?

[TJ in Oregon]

Any other questions/amendments before we bring this to a vote?

What about my revenue amendment? The one that was passed only included the spending changes.

[DC Al Fine]

My mistake TJ

REVENUES:
Income Tax Rates:
0% $0 - $13,000           
($0.000 bil)
1% $13,001 - $40,000         
($12.485 bil)
1.5% $40,001 - $100,000     
($16.332 bil)
2.2% $100,001 - $180,000     
($5.390 bil)
2.7% $180,001 - $300,000     
($3.637 bil)
3.25% $300,001 - $750,000     
($2.336 bil)
4% $750,001 - $2,750,000     
($1.962 bil)
5% $2,750,001- $9,999,999     
($1.277 bil)
6.5% $10,000,000+           
($0.935 bil)

TOTAL: ($44.35 B)
Social Insurance Taxes:
1.5% Employer contributions to pensions   
($27.332 bil)

TOTAL: ($27.33 B)

Corporate Tax Rates:
0% $0 - $50,000           
($0.000 bil)
0.5% 0.25% $50,001 - $75,000         
($3.929 bil) ($ 1.965 bil)
1% 0.5% $75,001 - $125,000
($5.312 bil) ($ 2.656 bil)
1.5% 1% $125,001 - $350,000     
($5.473 bil) ($ 3.649 bil)
2% 1.5% $350,001 - $1,000,000     
($7.567 bil) ($ 5.675 bil)
2.5% 2% $1,000,001 - $10,000,000   
($9.035 bil) ($7.228 bil)
3.25% 2.75% $10,000,001 - $20,000,000   
($6.963 bil) ($5.892 bil)
4% 3.5% $20,000,001-$70,000,000     
($7.831 bil) ($6.852 bil)
5% 4.5% $70,000,001+   
($7.573 bil) ($6.816 bil)
         
TOTAL: ($53.68 B) ($40.73 B)

Ad Valorem Taxes:
Sales Tax Rate: 5% 3% (Groceries, prescription drugs exempt)
($75.147 bil) ($45.088 bil)
($75.147 bil)
Gas: 45 cents/gallon ($0.50/gallon for diesel)
($46.761 bil)
Cigarettes: 60% Manufacturers Price     
($9.385 bil)
Other Tobacco Prod: 60% Manufactures Price   
($0.285 bil)
Distilled Spirits: $2.75 per gallon     
($0.223 bil)
Wine: $0.35 per gallon           
($0.318 bil)
Beer: $0.35 per gallon           
($0.794 bil)
Marijuana: 30% sales tax         
($2.682 bil)

TOTAL:($135.59 B) ($105.53 B)

Business & Other: ($21.07 B)

TOTAL: ($21.07 B)

Fees: ($44.22 B)

TOTAL: ($44.22 B)

TOTAL REVENUES: ($326.24 billion) ($283.23 billion)
PROJECTED SURPLUS: ($4.25 billion)

The above amendment is at vote. You have three days.

[DC Al Fine]

Aye

[Hifly]

Aye

[Franzl]

AYE

[DC Al Fine]

The amendment passes

Aye: 3 (DC, Hifly, Franzl)
Nay: 0

Any other issues before we bring this to a final vote?