SB 111-09: New Great Society Amendment (Veto Override)

[GM Team Member and Deputy PPT WB]

Fine, I'll do it myself.

New Great Society Amendment

The New Great Society Act is amended as follows regarding:

Section 5, Subsection
(B). Payroll Tax Increase:

1.) Subchapter A, Section 3101 of the Federal Insurance Contributions Act is amended by striking “6.2 percent” and inserting “7.2 percent”. This provision is hereby repealed and replaced with 3.5 percent.

2.) Subchapter B, Section 3111, subparagraph (a) of the Federal Insurance Contributions Act is amended by striking “6.2 percent” and inserting “7.2 percent”. This provision is hereby repealed and replaced with 3.5 percent.

3.) The aforementioned payroll increase is capped at 3.5 percent for the following ten fiscal years.

4.) Section III, subsection 2.1, of the New Great Society Act is Amended as follows:

Section 2. Monthly Universal Basic Income for Families with Children

1. Beginning in January of 2022, parents or legal guardians of persons under the age of 18 and have a disposable income of less than $100,000 $70,000 shall be entitled to $2,000 monthly checks.

[GM Team Member and Deputy PPT WB]

Aye

[GM Team Member and Deputy PPT WB]

Aye since it's still better than current

[GM Team Member and Deputy PPT WB]

AYE