MW2: Heating Fuel Reduction Bill
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Author Topic: MW2: Heating Fuel Reduction Bill  (Read 1062 times)
Dereich
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« on: April 09, 2015, 11:21:57 PM »
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Simfan34
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« Reply #1 on: April 09, 2015, 11:55:13 PM »
This bill raises alarm bells!
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Fuzzybigfoot
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« Reply #2 on: April 16, 2015, 09:30:15 PM »
How much revenue will we loose?  That's my only concern. 
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Fuzzybigfoot
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« Reply #3 on: April 21, 2015, 03:25:50 PM »
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Dereich
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« Reply #4 on: April 22, 2015, 03:52:39 AM »
Lol, I'm never sure what the proper procedure for posting is during an election. I'll assume I should have been here this whole time.

Looking at the last budget, I guess he figures its part of the gas tax? Here is the relevant budget section:


Gas and Oil Tax
Gasoline: 40 Cents/Gallon $8.4B Diesel: 40 Cents/Gallon $3.3B
Midwest Oil, Natural Gas, and Coal Royalty Rates Bil: $46.1B
TOTAL: 57.8B

Doing some research, I found out that Northerners pay about $500 a year for heating fuel. I'm not sure how much of that would be taxed, what percent of Midwesterners would use it or what percent of the gas tax revenue comes from heating fuel though.
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Dereich
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« Reply #5 on: April 29, 2015, 07:17:18 PM »
Last call for debate!

From what I can tell, this is a small part of a 50 Billion dollar tax; probably costing Midwesterners in cold climates about $30 a year. I don't think the issue is important enough to warrant passage and it would probably be regressive anyway; I'd think middle/upper classes would be more likely to heat their houses in excess. Any other thoughts?
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Gass3268
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« Reply #6 on: April 29, 2015, 10:56:33 PM »
Quote from: Dereich on April 29, 2015, 07:17:18 PM
Last call for debate!

From what I can tell, this is a small part of a 50 Billion dollar tax; probably costing Midwesterners in cold climates about $30 a year. I don't think the issue is important enough to warrant passage and it would probably be regressive anyway; I'd think middle/upper classes would be more likely to heat their houses in excess. Any other thoughts?

Yet wouldn't it still help out those at the bottom? Do we know how much we'd lose in the budget from Gas and Oil Taxes if this tax reduction was implemented?
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Dereich
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« Reply #7 on: April 30, 2015, 09:03:43 PM »
Quote from: Governor Gass3268 on April 29, 2015, 10:56:33 PM
Quote from: Dereich on April 29, 2015, 07:17:18 PM
Last call for debate!

From what I can tell, this is a small part of a 50 Billion dollar tax; probably costing Midwesterners in cold climates about $30 a year. I don't think the issue is important enough to warrant passage and it would probably be regressive anyway; I'd think middle/upper classes would be more likely to heat their houses in excess. Any other thoughts?

Yet wouldn't it still help out those at the bottom? Do we know how much we'd lose in the budget from Gas and Oil Taxes if this tax reduction was implemented?

Sure it would; a tax cut on yachts would help those at the bottom as well. I'm afraid I don't know how much it would lower taxes.
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Dereich
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« Reply #8 on: May 03, 2015, 11:04:58 PM »
Seeing no further debate, I bring this bill forward for a final vote. Representatives have 72 hours to vote Aye, Nay or to Abstain.

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Fuzzybigfoot
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« Reply #9 on: May 06, 2015, 12:26:01 AM »
Sorry Dereich, nothing personal.



Nay
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Dereich
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« Reply #10 on: May 08, 2015, 10:26:14 AM »
With nay and one member not voting, this bill fails in the Althing.
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