SE House legislation introduction Thread

[Atlas Has Shrugged]

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(please forgive me-I thought we needed a "Cowboy Poetry Fest" like bill. I wish the Band got more recognition)

[Atlas Has Shrugged]

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[Atlas Has Shrugged]

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Just a quickie.

[Atlas Has Shrugged]

     How about this:

Budget Maintenance Bill

1. No more than two weeks after the beginning of each calender year, the Emperor of the Imperial Dominion of the South or a designated representative thereof shall present an accurate budget for the next year to the Legislature, for review and adoption.

2. To expedite the process of preparing an accurate budget for the next year, the Emperor of the Imperial Dominion of the South or a designated representative thereof shall maintain a copy of the budget that will be updated as changes in expenditures or taxations are made.

3. The budget for the calender year 2011 shall be as follows:

2011 Budget

Notes

• Base shall be understood to refer to the combined totals of the state governments minus Puerto Rico.
• Total shall be understood to refer to the combined totals of the state and regional governments minus Puerto Rico.

Regional Spending

Pensions
-Base: $3.81 billion
-Total: $3.81 billion

Health care:
-Base: $121.9 billion
-Total: $121.9 billion

Education:
-Base: $48.9 billion (post-Educational Hotfix Act - original figure was $0, real-life gross state figure is $73.4 billion)
-Tertiary Education/Other Capital Outlay-Higher Education/Southeastern Educational Incentive Act: $3.5 billion
-Pre-Primary through Secondary Education/Other Capital Outlay - Elementary and Secondary Education/School Choice Initiative: $56.4 billion
-Total: $108.8 billion

Defense:
-Base: $0.6 billion
-Total: $0.6 billion

Welfare:
-Base: $40.4 billion
-Total: $40.4 billion

Protection:
-Base: $21.5 billion
-Total: $21.5 billion

Transportation:
-Base: $28.2 billion
-Total: $28.2 billion

General government:
-Base: $7.4 billion
-Total: $7.4 billion

Other spending:
-Base: $18.7 billion
-Cultural Services/Pentagram Creation Act: $200 million (1 time expense)
-Puerto Rico: $17.27 billion (total spending of PR- PR is not included in any other category in Spending but the Total Regional Spending)
-Total: $36.17 billion

Interest: $7.4 billion (assumes that Regional Government does not have to pay its own interest)

Total Regional Spending: $376.18 billion (includes Interest)

Regional Revenue

Income Taxes:
-Base: $0 (state cannot collect their own income taxes)
-Corporate Income Tax/Tax-Corporate Net Income/Put the "free" back in Free Enterprise Bill: (see personal income tax rate)
-Corporate Income Tax/Tax-Corporate Net Income/Southeast Nuclear Energy Initiative, Chapter 4: -66.1 million (-0.0661 billion)
-Corporate Tax Rate: 8.6% (part of Free Enterprise Bill above - remember other provisions).
-Personal Income Tax Rate: 5.8% ($$61,650,000,000/year)
-Total: $61,583,900,000 or $61.5839 billion

Social Security Taxes: 
-Base: $15.1 billion
-Total: $15.1 billion

Ad-valorem Taxes:
-Base: $252.3 billion
-Excise Taxes/Tax-Alcoholic Beverage Sales/Southeast Alcohol Initiative, Section 8: $1.3127 billion ($1.00/proof liter or $0.385/gallon for beer, $0.909/gallon for wine, $3.31/gallon for spirits)
-Excise Taxes/Tax-Tobacco Products Sales/Southeast Tobacco Initiative, Section 6:  $0.04/cigarette ($6,034,000,000/year), $0.08/cigar ($80,000,000/year), $2.00/kg tobacco ($24,000,000/year)
-Excise Taxes/Tax-Marijuana Products Sales: $3.00/ounce ($48,000,000/year)
-Sales Taxes/Tax-Public Utilities Sale/Southeast Nuclear Energy Initiative, Chapter 4: 80% of standard electricity excise tax: $0
-Sales Taxes/Tax-Public Utilities Sale/Southeast Biomass Initiative, Section 3: 80% of standard electricity excise tax: $0
-Property Taxes/Tax-Property/Southeast Nuclear Energy Initiative, Chapter 4: n/a ($0)
-Transportation/Tax-Motor Fuel Sales/Transportation Commission Initiative, Chapter 3, Section 22: $0.08/liter ($17,284,230,161/year)
-Transportation/Tax-Motor Vehicle License/Fair Consequences Initiative, Section 3: $10,700,000/year
-License/Tax-Other License/Off-Shore Religious Organizations Initiative, Section 2: n/a ($0)
-Total: $277,093,630,161 or $277.093630161 billion

Fees and Charges:
-Base: $107 billion
-Other/Charges-All Other/Pentagram Creation Act: $5,700,000/year
-Other/Charges-All Other/Safe Roads Initiative, Section 6: $44,400,000/year
-Total: $107,050,100,00 or $107.0501 billion

Business and Other Revenue:
-Base: $132.5 billion
-Puerto Rico: 24.96 billion
-Total: $157.46 billion

Gross Public Debt: $598.7 billion (assumes that Regional Government has not accumulated its own public debt)

Rainy Day Fund: $25 billion

Total Regional Revenue: $618,287,630,161 (does not include Gross Public Debt or Rainy Day Fund)

$Balance: 242,107,630,161

Im introducing this bill..

[Atlas Has Shrugged]

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