LC 2.14 Tax Reform Act (Rejected)

[AustralianSwingVoter]

This runs directly counter to, well, basically every principle of fair government. It makes no logistic, political, moral, legal, economic, you name it sense to do this.

Of course, I would recommend the Council to just put this bill out of its misery.

Better to go to a final vote though. A far better way to wholeheartedly and fundamentally reject this ghastly, beyond extreme economic policies.

[AustralianSwingVoter]

I will propose an amendment to make this not regressive tonight around 12 or 1 o’clock

Why bother? Just get this ghastly thing voted down already. No matter what you do this repulsive bill is failing, just get it over and done with.

[AustralianSwingVoter]

IN THE NORTHERN ASSEMBLY

A RESOLUTION

Establishing the budget for the Northern Government lasting from February 2018 until February 2019

Resolved by the Northern Assembly convened,

Expenditures

Health - $287.000bn
Pensions - $104.000bn
Education - $76.000bn
Transport - $62.000bn
Welfare - $30.000bn
General Govt - $20.000bn
Police/Justice - $15.000bn
Other/Emergency - $10.000bn

===============================

TOTAL EXPENDITURES - ($610.000bn)

===============================

PROPOSED TAXES

Income tax: ($476.368bn)
0% - $0 - $24,999
10% - $25,000 - $49,9999
15% - $50,000 - $99,999
20% - $100,000 - $249,999
25% - $250,000 - $999,999
30% - $1,000,000 +

Luxury Tax (cars over a certain price, boats, jewelry, cannabis, alcohol, other non-essential things)
15% ($8.948bn)

Property Tax: ($103.407bn)
0% - $0 - $24,999
1% - $25,000 - $49,9999
2% - $50,000 - $99,999
3% - $100,000 - $249,999
4% - $250,000 - $999,999
5% - $1,000,000 +

Excise Taxes
Gas: 30.0 ¢ per gallon ($43.417bn)
Diesel: 50.0 ¢ per gallon ($12.721bn)
New automobile purchase tax (by curb weight): $120 per thousand kilograms ($0.176)

===============================

TOTAL REVENUES - ($645.036bn)

===============================

PROJECTED BALANCE - ($31.036bn)

CURRENT DEBT - ($0.000bn)

This is a similar proposal to the one Mr. Wells made but with $3bn added to the transportation budget to cover the Lincoln Rail expansion bill and a bit more spending on education and healthcare. It complies with the balanced budget amendment and still has some surplus.

Let's have a look at the previous budget. And you'll notice a few problems. Namely:
Lincoln doesn't have a sales tax to cut.
Lincoln doesn't have a death tax to cut.
Lincoln doesn't have an estate tax to cut.
Lincoln doesn't have an inheritance tax to cut.

So this bill is cutting taxes that don't exist. What an obviously sound and logical proposal. Why don't we abolish the unicorn tax while we're at it.

[AustralianSwingVoter]

Tax Reform Act

The estate tax in Lincoln is abolished
The death tax in Lincoln is abolished
The inheritance tax in Lincoln is abolished
Lincoln property taxes shall be cut by 30% 15%
Lincoln sales taxes shall be reduced by 2%
Lincoln gas taxes shall be reduced by 3%
Lincoln state income tax shall have three brackets
Brackets with rates:
Greater than $150,000: 25%
$50,000-$150,000: 15%
Less than $50,000: 45%
Lincoln shall raise taxes on all welfare benefits by 70%
Lincoln income tax shall be fixed at 20%

Sponsor: Suburban New Jersey Conservative

Debate time for this bill has started and shall last for no less than 72 hours

Here is the amendment, which may change yet another time, depending on ASV feedback

Oh great a flat tax now. You really don't learn do you. Well once this amendment goes through this thing can finally be voted down 8-1.

[AustralianSwingVoter]

Tax Reform Act

The estate tax in Lincoln is abolished
The death tax in Lincoln is abolished
The inheritance tax in Lincoln is abolished
Lincoln property taxes shall be cut by 30% 15%
Lincoln sales taxes shall be reduced by 2%
Lincoln gas taxes shall be reduced by 3%
Lincoln state income tax shall have three brackets
Brackets with rates:
Greater than $150,000: 25%
$50,000-$150,000: 15%
Less than $50,000: 45%
Lincoln shall raise taxes on all welfare benefits by 70%
Lincoln income tax shall be fixed at 20%

Sponsor: Suburban New Jersey Conservative

Debate time for this bill has started and shall last for no less than 72 hours

Here is the amendment, which may change yet another time, depending on ASV feedback

Oh great a flat tax now. You really don't learn do you. Well once this amendment goes through this thing can finally be voted down 8-1.

ASV, the latest amendment does not create a flat tax

Lincoln income tax shall be fixed at 20%

This is what is called a flat tax.

[AustralianSwingVoter]

Read my amendment

Tax Reform Act

The estate tax in Lincoln is abolished
The death tax in Lincoln is abolished
The inheritance tax in Lincoln is abolished
Lincoln property taxes shall be cut by 30% 15%
Lincoln sales taxes shall be reduced by 2%
Lincoln gas taxes shall be reduced by 3%
Lincoln state income tax shall have three brackets
Brackets with rates:
Greater than $150,000: 25%
$50,000-$150,000: 15%
Less than $50,000: 45%
Lincoln shall raise taxes on all welfare benefits by 70%
Lincoln income tax shall be fixed at 20%, except for those making under $50,000, who will pay a 10% rate

Sponsor: Suburban New Jersey Conservative

Debate time for this bill has started and shall last for no less than 72 hours

Here is the amendment, which may change yet another time, depending on ASV feedback

Yes, you edited your amendment yet again to get rid of the flat tax.
This isn't even the right place for this. Tax rates are to be debated and will be debated soon during the budgetary process.

[AustralianSwingVoter]

Read my amendment

Tax Reform Act

The estate tax in Lincoln is abolished
The death tax in Lincoln is abolished
The inheritance tax in Lincoln is abolished
Lincoln property taxes shall be cut by 30% 15%
Lincoln sales taxes shall be reduced by 2%
Lincoln gas taxes shall be reduced by 3%
Lincoln state income tax shall have three brackets
Brackets with rates:
Greater than $150,000: 25%
$50,000-$150,000: 15%
Less than $50,000: 45%
Lincoln shall raise taxes on all welfare benefits by 70%
Lincoln income tax shall be fixed at 20%, except for those making under $50,000, who will pay a 10% rate

Sponsor: Suburban New Jersey Conservative

Debate time for this bill has started and shall last for no less than 72 hours

Here is the amendment, which may change yet another time, depending on ASV feedback

Yes, you edited your amendment yet again to get rid of the flat tax.
This isn't even the right place for this. Tax rates are to be debated and will be debated soon during the budgetary process.

ASV, our last budget was in 2017

Since, we cannot pass a budget, we should work on the individual parts and then put them together, and do the budget, that way

The 2019 budget is currently being scored. You are constitutionally required to pass a budget, and all persons involved have given assurances that this year Lincoln will finally pass a budget.
And given the composition of the chamber it won't be remotely close to your tax policies, obviously.

[AustralianSwingVoter]

PROPOSED TAXES

Income tax: ($476.368bn)
0% - $0 - $24,999
10% - $25,000 - $49,9999
15% - $50,000 - $99,999
20% - $100,000 - $249,999
25% - $250,000 - $999,999
30% - $1,000,000 +

Lincoln income tax shall be fixed at 20%, except for those making under $50,000, who will pay a 10% rate

So why should we be raising taxes for those at the bottom, for those normal workers earning under 50k, while those earning 6 figures get massive tax cuts? Are we still sticking to the idiocy of trickle down economics?