S.19.3-6: Economic Freedom Zones Act of 2019 (Debating)

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

Economic Freedom Zones Act of 2019
   To grow wealth in low-income urban and rural communities.
In the Southern Chamber of Delegates
The Bill
   To grow wealth in low-income urban and rural communities.

Section 1: Short Title
   This policy wil be titled the Economic Freedom Zones Act of 2019
Section 2: Findings
   The Chamber of Delegates finds the following
(1)   Low-income communities are unable to spur job growth and increase economic output in their communities
(2)   Middle class and wealthy communities are able to do this under the current tax system
(3)   Many low-income communities would like to rebuild themselves without interference from government
(4)   Incentives ought to be provided to local businesses in low-income communities and other businesses in the South
(5)   Culture is important in these communities and it’s crucial for the communities to hire from within
Section 3: Implementation
   The Chamber of Delegates proposes the following in three phases:
Short Term:
   The best way to spur growth in communities is to reduce the crowding-out effect of government. Allow business owners and individuals from these communities the free reigns of deciding how to conduct economic growth
(1)   Repeal the following regional business taxes: Corporate income tax, capital gains tax, and the payroll tax
(2)   Adding a tax credit of $250 to each business per new hire of an individual from their home community
Mid Term:
   Reinvestment is crucial to the survival of low-income communities. Tax cuts help create the environment. Reinvestment creates the pillar that allows said communities to flourish.
(1)   Double the amount of expensing of all business costs
(2)   Suspend and nullify all federal regulations in areas designated as Economic Freedom Zones
(3)   Appoint officials to coordinate with business owners in areas with restricted land to lower restrictions.
Long-Term Reinvestment:
   Increasing both economic opportunities and economic mobility in these disadvantaged communities.
(1)   Create a voucher program for communities designated as Economic Freedom Zones.
(2)   Provide a new $1500 tax credit per child for parents or guardians
(3)   Establish a new Business-Academic Tax credit for businesses that provide scholarships or financial aid to employers and residents in their communities.
(4)   Increase the number of Southern resident applicants in order to raise the number of entrepreneurs

Sponsor: Delegate DeadPrez

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

All Businesses that opted in have received a tax cut from the Tax Inclusive Pricing Scheme (TIPS). Passed last session.

Small and Medium Business are the biggest employers. So if there are to be any business incentives, that is where one will get the most effect. It's these businesses that are most likely to give someone a fair go at a job.

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

Section 2: Findings
   The Chamber of Delegates finds the following
(1)   Low-income communities are unable to spur job growth and increase economic output in their communities
(2)   Middle class and wealthy communities are able to do this under the current tax system
(3)   Many low-income communities would like to rebuild themselves with tax credits from government, due to lack of capital.
(4)   Incentives ought to be provided to local businesses in low-income communities and other businesses in the South
(5)   Culture is important in these communities and it’s crucial for the communities to hire from within

Short Term:
The best way to spur growth in communities is to provide business owners and individuals from these communities with tax credits to spur growth in said communities.
(1)   Repeal the following regional business taxes: Corporate income tax, capital gains tax, and the payroll tax
(1)   Adding a tax credit of $250 to each business per new hire of an individual from their home
community

Mid Term:
   Reinvestment is crucial to the survival of low-income communities. Tax credits help create this environment. Reinvestment creates the pillar that allows said communities to flourish.
(1)   Double the amount of expense of all business costs
(2)   Suspend and nullify all federal regulations in areas designated as Economic Freedom Zones
(2)   Appoint officials to coordinate with business owners in areas with restricted land to lower restrictions.

Long-Term Reinvestment:
   Increasing both economic opportunities and economic mobility in these disadvantaged communities.
(1)   Create a voucher program for communities designated as Economic Freedom Zones.
(1)   Provide a new $1500 tax credit per child for parents or guardians
(2)   Establish a new Business-Academic Tax credit for businesses that provide scholarships or financial aid to employers and residents in their communities.
(3)   Increase the number of Southern resident applicants in order to raise the number of entrepreneurs.

I believe we should debate these proposed amendments put forward by Delegate Elcaspar.


Apologies if I've made some errors in the amendments i am a little tired right now.

May I request that edits for amendments please be made in the following format

Original text, Text edited out. New added text

I think that the above format makes it easier to see the changes in the text.

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

(1)   Repeal the following regional business taxes: Corporate income tax

What is the current Corporate Income Tax Rate in the South?

I'm not sold on a complete abolition of the Corporate Income Tax.

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

I'm not sold on eliminating all federal regulations. Does this include all health safety regulations, environmental regulations? Red tape may not be conducive to job creation, however not all regulations are necessarily bad. The key is about balance.

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

I motion to table.

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

Aye

If this ends up getting tabled, I'll just reintroduce a new version

Good idea.

If this ends up getting tabled, I'll just reintroduce a new version

then try and make it constitutional this time

Tbh a court case on the matter would be fun and would give the Supreme Court something to do for once

Indeed!

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

Voting Has Closed

S.19.3-6: Economic Freedom Zones Act of 2019 has been Tabled

Final Vote Count
[ 4 ] Aye
[ 2 ] Nay
[ 1 ] Absent - (John Henry Eden)