Mr. Reactionary
blackraisin
Atlas Icon
Posts: 17,811
Political Matrix
E: 5.45, S: -3.35
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« Reply #1 on: September 14, 2018, 02:19:26 PM » |
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This is an attempt to help with the December budget. These are all ways to increase revenue without affecting income, corporate, payroll, or estate taxes.
Section 2 involves federal excise taxes. The logic being that it is consumption based and so sort of a fairer allocation of tax burden. Excise taxes increased are:
Fuels
Tires
Processing at ports of entry
Alcohol
Tobacco
Machine Guns
Specialty fishing equipment
Gambling winnings
Ozone depleting chemicals being phased out under the Montreal Treaty
Bad behavior by investors
2b eliminates the vaccine tax loophole that exempts a few big pharma vaccine makers from paying into the common fund for settling lawsuits against vaccine manufacturers.
2c creates new federal excise taxes to bring in additional revenue. New items taxed are:
Foreign money transfers
Large bank assets we have to insure where the bank failure would cripple the economy
CEO stock agreements and salaries above $1 Million
Weed (sorry)
Medical cocaine
Untaxed machine guns
2d eliminates a loophole that exempts big oil/coal/logging from aircraft related excise taxes
2e eliminates a tax subsidy handout for some rum producers
2f resolves an annoying estates issue that the Regions must deal with when resolving estates involving a legally registered machine gun. This fix ensures that any purchaser must comply with all NFA registration requirements including paying the tax, fingerprints, application, recorded serial number, disassembly and storage requirements, requirement to carry paperwork.
Section 3 increases a bunch of user fees. I confess, I have no idea how much of a change the specifics are at the moment. This list was largely compiled by me several years ago and I cant account for if any have increased since like 2015. Trump decreased some last year like grazing fees. Hopefully the GM office will assist with budget scoring please. Anyway, user fee increases are:
FDA inspection and testing fees
Ag inspection of animals and meat
Patent and Copyright fees
Hunting and Fishing fees
National Park fees
Import fees
Airplane fees
D.C. metro vendors
3b are new user fees to help fund Capitol area museums
3c increases how much we can collect from an airplane user fee
3d extends a practice currently available to local governments to pay to expedite CWA permit applications.
3e insures DC Metro prices contribute to maintenance
3f pegs all of these user fees to inflation so they automatically grow with inflation.
3g Readjusts cabin fees and also ties increases to inflation.
3h allows the Regions to help fund operations at National Parks if there is a government shutdown so we dont get more unnecessary dickheaded roping off of Monuments or telling people they cant look at a mountain because the mountain is closed.
4 sells some of our excess assets to make some scratch.
4a increases our cut of big oil profits from the people's oil
4b proposes we decrease how much oil we stockpile by 10% over 5 years. And we dont sell it all at once to push down the price we get.
4c and 4d set targets for increasing revenue from asset sales
4f finalizes the closing of the Helium Reserve that was supposed to have closed by 2015.
4g allows us to sell water to more farmers.
4h - k set targets for asset sales and relax rules that slow sales down.
4l caps administrative expenses for payments Atlasia makes to localities where we own a lot of land that they cant tax to generate local revenue.
4m sells off local projects that dont require federal ownership over.
5 is about how we get our money. I do debt collection. Its not easy to get what you are supposed to get sometimes which reduces revenue. These changes will increase total revenue collected.
5a imposes a civil penalty on bad non-profit behavior.
5b increases the minimum civil penalty on bad behavior.
5c - 5e allow us to use debt collection agents earlier in the process.
5f - 5h allow us to deduct money others owe us from money we are giving them
5i gives us more time to investigate and collect against people who lie about a lot of hidden income
5j - 5k tweak what is considered assets we can collect against from our debtors
5l require you to pay your taxes to get a security clearance or passport
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