S4: Repeal of the Elimination of Income Tax Act (Failed)

[West_Midlander]

I think this bill is necessary in order to raise revenues in order to fund infrastructure, in order to tackle our unemployment, the largest in the nation, among other things.

[West_Midlander]

I think this bill is necessary in order to raise revenues in order to fund infrastructure, in order to tackle our unemployment, the largest in the nation, among other things.

Have you done any sort of calculations that prove, without a doubt, that regardless of what we do regarding corporate taxes, that the personal income tax must be reintroduced? Or is it just "oh no the Chamber [unanimously] got rid of a tax, we need to bring it back!!!"

I think he's doing because he wants money for the LEARN act, which costs 146 billion dollars, according to AZ's cost estimate (bad idea IMO).

Infrastructure is important also. If the Governor cares that we have the largest regional unemployment.

EDIT: Wouldn't an increased corporate tax potentially drive corporations out of the South or overseas, further compounding our unemployment crisis?

[West_Midlander]

I think this bill is necessary in order to raise revenues in order to fund infrastructure, in order to tackle our unemployment, the largest in the nation, among other things.

Have you done any sort of calculations that prove, without a doubt, that regardless of what we do regarding corporate taxes, that the personal income tax must be reintroduced? Or is it just "oh no the Chamber [unanimously] got rid of a tax, we need to bring it back!!!"

I think he's doing because he wants money for the LEARN act, which costs 146 billion dollars, according to AZ's cost estimate (bad idea IMO).

Infrastructure is important also. If the Governor cares that we have the largest regional unemployment.

EDIT: Wouldn't an increased corporate tax potentially drive corporations out of the South or overseas, further compounding our unemployment crisis?

Infrastructure is important, but 146 billion dollars is a lot of money out of the pockets of working class people, who stand to be the most hurt by this.

And once again, there were arguments last session about having too big of a surplus in the budget. Why not use what is already not being used?

The remaining surplus isn't enough for either providing higher education for the poor and/or paying for substantial amounts of infrastructure building.

[West_Midlander]

How would we go about the creation of the new income tax? Could we just include it in here?

It's just a repeal of the repeal bill. The old income tax is reinstated and we can amend that as needed from there.

[West_Midlander]

We simply don't have enough surplus to pay for infrastructure and/or the LEARN Act, Mr. Governor. The cost of just the LEARN Act exceeds the remaining surplus and the infrastructure bill was specifically tabled due to a lack of funds (before the LEARN Act came to the floor; the region-wide infrastructure project would greatly exceed our existing ability to fund it and stay out of the red).

[West_Midlander]

Aye
(I think you should vote Aye b/c not only would increasing the corporation tax not provide enough money to work on education OR infrastructure (even one issue, not both). It would also create increased strain on corporations operating in our region, perhaps exacerbating our unemployment issue.)

[West_Midlander]

Aye
(I think you should vote Aye b/c not only would increasing the corporation tax not provide enough money to work on education OR infrastructure (even one issue, not both). It would also create increased strain on corporations operating in our region, perhaps exacerbating our unemployment issue.)

Increasing corporate tax revenue =/= increasing corporate tax rates. It could just mean removing loopholes, for example.

How much would just removing loopholes raise? Perhaps we could do that in addition to the income tax, perhaps reducing the income tax later on.

[West_Midlander]

There's also the chance the reducing loopholes could hurt business.

Yes, and this would further exacerbate our region's unemployment.

Mr. Governor, since you've struck down a restoration of the income tax, how do you suggest we raise revenues without crushing Southern business as you suggested by affecting the corporation tax?

[West_Midlander]

So, we gonna have a veto override vote or nah?

I think we should.

[West_Midlander]

Aye